The venture capital arm of the maker of Jeep SUVs, Ram pickup trucks and other vehicles said Thursday it’s investing in a California-based lithium-sulfur battery startup that says its technology could double the energy density of current electric-vehicle batteries, benefiting range and payload.
The investment into Lyten Inc. is the 10th by Stellantis Ventures, which has been allocated $323 million (300 million euro) to help the automaker achieve its goals to double its revenue by 2030. Lyten’s technology, executives say, presents opportunity for lightweight batteries with readily available materials as the industry worries about shortages and affordability. The hope is the batteries could go in Stellantis EVs in the latter half of the decade.
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