Battery startup Lyten announces $200M Series B

Battery startup Lyten Inc. announced Tuesday the close of an “oversubscribed” $200 million Series B round to continue building up the production of its batteries…

“The round “is an affirmation of our technology of what our team has been able to accomplish and achieve working together in supporting the core technology, as well as the applications, ” said Lyten CEO Dan Cook. “I think that the U.S. has long awaited a domestic battery solution. For the industry, in general, to have domestic energy storage is both exciting and is a really critical need for our domestic industry.”

Read the full article here: https://www.bizjournals.com/sanfrancisco/inno/stories/fundings/2023/09/12/lyten-series-b-batteries.html (Registration required)