Lyten raises $200M to kick off battery production

Published: September 13, 2023

Lyten, a startup that makes a novel form of graphene, has raised $200 million in a Series B round to build up production of its batteries.

Why it matters: The funding is another bright spot for climate tech growth equity, and highlights how batteries for electric vehicles continue to attract investor attention.

Details: San Jose, Calif.-based Lyten said venture capitalists Prime Movers Lab led the round, which also included strategic investors Stellantis, FedEx, Honeywell, and Walbridge Aldinger Company

Read the full article here: https://www.axios.com/pro/climate-deals/2023/09/12/lyten-raises-200m-to-kick-off-battery-production (Requires subscription)