Lyten Raises $200 Million In Equity Financing Round

Sustainable Business Virtual Trade Showraising $200 million in equity financing from multiple investors, including Prime Movers Lab, Honeywell, FedEx, and others. It was founded in 2015 and has raised a total of $410 million. The company develops advanced technology, and is perhaps most well known for being a pioneer in 3D graphene supermaterials.

What are the key benefits of using lithium-sulfur batteries rather than the battery chemistries already in use?chemistry has limitations that put some real barriers in place if we want to achieve mass scaleheavy reliance on mined minerals, and safety.because sulfur allows you to store more energy than lithium-ion.

commonly discussed for higher energy density are solid-state batteries, which will certainly have their place in the value chain in the future.achieve higher energy densities, so they are lighter weight, Solid State is still highlymodifications.Today, we are producing Lithium-Ion batteries from our automated pilot line that opened ininitial early adopting customers, which we plan to do by early 2024.

This is problematic across a handful of fronts. First, these minerals are heavily mined and much of the supply and mining capabilities sit in locations with far less stringent environmental and ethical workplace standards.requirements for NMC and Graphite are many multiples of what we are mining today. Thismost of the world’s processed minerals for the battery industry. Bringing new mines online hasfor those core minerals is real and has a risk of slowing down EV adoption.

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