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Lyten Secures $4 Million U.S. Department of Energy Grant to Accelerate Commercialization of High-Capacity, Long Cycle-Life Lithium-Sulfur Batteries

πŸ“… Date:

πŸ”– Topics: Funding Event

🏒 Organizations: Lyten


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.

Read more at Business Wire

πŸ”‹ Lyten Raises $200M in Series B Equity Round

πŸ“… Date:

πŸ”– Topics: Funding Event

🏒 Organizations: Lyten, Prime Movers Lab, Stellantis, FedEx, Honeywell


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.

Read more at Business Wire