Lyten

Overview
News

Lyten is a supermaterial applications company pioneering the development of 3D graphene, a novel decarbonization supermaterial. The company is focused on commercializing three key product lines: lithium-sulfur batteries, lightweight composites, and next-generation IoT sensors.

Lyten's lithium-sulfur batteries aim to disrupt the energy storage market by delivering more than twice the energy density and over 40% lighter weight compared to conventional lithium-ion batteries. This advanced battery technology utilizes abundantly available materials like sulfur and lithium, enabling a localized and domestically sourced supply chain within the US. Lyten's goal is to produce the lowest carbon footprint EV battery on the market.

In addition to batteries, Lyten is transforming polymers and composites by infusing them with 3D graphene. This results in stronger, lighter, and more sustainable materials with improved properties like strength, conductivity, and stiffness, enabling weight reductions of up to 50% in certain applications.

Lyten's 3D graphene material is also being leveraged to develop an entirely new IoT sensing platform. This AI-enabled technology aims to digitize the environment by enabling the measurement of previously unmeasurable phenomena, from chemicals in the air to structural integrity and human health.

Key customers and partnerships

Lyten is actively collaborating with industry leaders across various sectors, including automotive, logistics, aviation, and defense. The company has secured strategic investments and partnerships with companies such as Stellantis, FedEx, Honeywell, and Walbridge Aldinger Company, as well as the US Government, to deliver its innovative products.

In the automotive sector, Stellantis, the third-largest auto manufacturer globally, is an early customer lined up to receive Lyten's lithium-sulfur batteries. The Defense Innovation Unit, part of the US Department of Defense, is also supporting Lyten's efforts to establish a domestic battery supply chain.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
San Jose, CA
Founded year:
2015
Employees:
251-500
IPO status:
Private
Total funding:
USD 1.0 bn
Last Funding:
USD 650.0 mn (Debt Financing; Dec 2024)
Last valuation:
USD 1.0 bn (Sep 2023)
Funding data are powered by Crunchbase
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