Lyten
Canvas Category OEM : Chemical
Lyten is a supermaterial applications company unleashing extraordinary possibilities in our journey to net zero and beyond. Our people are the experts behind Lyten 3D Graphene, a novel decarbonization supermaterial with the potential to disrupt, transform, and enhance nearly every industry on Earth.Lyten’s journey began in 2015. Since then, we continue to push the boundaries and make the impossible possible. Lightweight cars, planes, and spacecraft that can travel farther, faster, with reduced fuel demand. Supercharged composite materials, made stronger so we can get more from less. Ultra-thin sensing tech that can measure everything from operating efficiency to human health. Sustainable Lithium-Sulfur batteries with high enough energy density to electrify everything. These are the kinds of boundary-breaking, sustainable innovations that will help the world reach its decarbonization goals.Lyten 3D Graphene is not just groundbreaking. It’s the catalyst for groundbreaking change. As we look forward, our vision is clear: to lead the charge towards a world where economic growth can happen without emissions growth. A net zero world must also be an economically equitable world and our goal is to deliver the advanced solutions that make it possible.
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Lyten Achieves Manufacturing Milestone; Now Producing Lithium-Sulfur Batteries At Greater Than 90% Yield
Lyten, a supermaterials application company and the leader in lithium-sulfur battery technology, announced it is consistently surpassing 90 percent yield from its automated battery production line, confirming the manufacturability of its lithium-sulfur battery utilizing a sulfur cathode and lithium metal anode.
The lithium-sulfur manufacturing performance has been achieved utilizing standard lithium-ion manufacturing equipment and processes. The conversion of lithium-ion equipment to produce lithium-sulfur batteries in Lyten’s pilot facility required 6 weeks and less than 2% of the total capital cost. This confirms Lyten’s ability to rapidly scale by converting existing Li-ion gigafactories to lithium-sulfur with minimal cost and time.
Lyten’s lithium-sulfur battery chemistry utilizes no NMP (N-methyl-2-pyrrolidone) in the cathode manufacturing process, eliminating the potential health, safety, and environmental impacts of the highly toxic solvent standard in today’s lithium-ion batteries. Additionally, the lithium-sulfur battery cell has proven to be highly tolerant of metallic contamination, significantly reducing the capital equipment and operational costs associated with preventing metal contamination in today’s leading battery chemistries, namely NMC and LFP.
Lyten’s lithium-sulfur battery contains no nickel, cobalt, manganese, or graphite in the cathode and anode, enabling an entirely locally sourced and manufactured battery. Lyten expects to achieve 98%+ yields at scale and will begin delivering commercial lithium-sulfur cells for non-EV customers in aerospace and government applications in 2024 from its San Jose pilot production facility. Lyten is executing engineering and design, procuring equipment, and evaluating locations to rapidly scale up lithium-sulfur manufacturing to meet growing interest from EV, trucking, space, aerospace, and government customers.
Lyten Secures $4 Million U.S. Department of Energy Grant to Accelerate Commercialization of High-Capacity, Long Cycle-Life Lithium-Sulfur Batteries
Lyten, Inc., a supermaterial applications company and leader in 3D Graphene materials, announced today it has secured a $4 million grant from the U.S. Department of Energy (DoE) to accelerate the manufacturing of its advanced lithium-sulfur battery technology.
The grant, awarded by the DoE’s Energy Efficiency and Renewable Energy / Vehicle Technologies Office, specifically targets lithium-sulfur technologies that can alleviate offshore supply chain risk for EV batteries and increase EV driving range. Utilizing abundantly available and low-cost sulfur, the lithium-sulfur chemistry has the potential to deliver greater than twice the energy density of lithium-ion NMC (nickel, manganese, cobalt) chemistries. Additionally, the chemistry does not require critical minerals such as nickel and cobalt in the cathode or graphite in the anode, enabling a locally sourced, locally manufactured EV battery.
The DoE grant awards for lithium-sulfur follow the passage of National Defense Authorization Act, signed into law last month with bi-partisan support, which will prohibit the U.S. Defense Department from buying batteries produced by China’s largest manufacturers starting in October 2027. This ban reinforces the urgency to accelerate the development and rapid scale up of rechargeable cells with alternative battery chemistries, like lithium-sulfur, that offer localized supply chains for strategic defense applications and high energy density to support mobility and transportation electrification.
🔋 Lyten Raises $200M in Series B Equity Round
Lyten, Inc, a pioneer in 3D graphene decarbonizing supermaterials, 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, lightweighted 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.
In June, Lyten announced the opening of its first Lithium-Sulfur battery automated pilot plant in San Jose, CA. They are on target to produce commercial cells by year-end 2023 and begin shipping to early adopting customers for revenue in early 2024. The remaining space on the pilot line is expected to be allocated before the end of the year, including allocation to Stellantis and additional auto OEMs for cell testing. Lyten intends to break ground on scaled-up 3D Graphene and Lithium-Sulfur battery manufacturing facilities in 2024 in the US. Lyten targets a fully domestic supply chain to deliver Lithium-Sulfur batteries with greater energy density than lithium-ion but without NMC (nickel, manganese, cobalt) or graphite.