Lyten raises $200 million in series B equity round

Published: September 13, 2023

Lyten has announced it has raised $200 million as part of its over-subscribed Series B funding round, to scale manufacturing and commercialize its first three product lines: Lithium-Sulfur batteries, lightweight composites, and next generation IoT sensors.

The round is led by Prime Movers Lab, a venture capital firm focused on investments in breakthrough scientific startups and has $1.2B in assets under management. Prime Movers Lab is joined with significant participation from strategic investors and sector leaders Stellantis (previously announced), FedEx Corporation, Honeywell, and Walbridge Aldinger Company. Additional strategic, venture capital and individual investors make up the remainder of the round…

Read the full article here: https://www.graphene-info.com/lyten-raises-200-million-series-b-equity-round