What is Lyten?
Founded in 2015 and headquartered in San Jose, California, Lyten is at the forefront of materials science innovation. The company's proprietary Lyten 3D Graphene® technology is the cornerstone of its advanced lithium-sulfur batteries. These batteries are engineered to significantly enhance the range and safety of electric vehicles while simultaneously reducing their carbon footprint compared to conventional EV batteries. Lyten's technological advancements position it as a key player in the global transition towards cleaner energy and transportation.
How much funding has Lyten raised?
Lyten has raised a total of $1.1B across 5 funding rounds:
Debt
$1M
Series B
$200M
Grant
$4M
Other Financing Round
$650M
Other Financing Round
$200M
Debt (2020): $1M with participation from PPP
Series B (2023): $200M led by FedEx, Stellantis, Prime Movers Lab, and Honeywell
Grant (2024): $4M supported by U.S. Department of Energy
Other Financing Round (2025): $650M featuring Export-Import Bank of the United States
Other Financing Round (2025): $200M backed by The Luxembourg Future Fund, FEDEX, Stellantis, and Prime Movers Lab
Key Investors in Lyten
The Luxembourg Future Fund
The Luxembourg Future Fund is a venture capital fund focused on investing in early and growth-stage innovative European technology SMEs, particularly in ICT and cleantech sectors, aiming to diversify and develop the Luxembourgish economy.
FEDEX
FedEx is a leading American multinational logistics and transportation company, known for its global express shipping and delivery services, indicating a strategic interest in advanced battery technology for logistics and fleet applications.
Stellantis
Stellantis is a major multinational automotive manufacturing corporation formed from the merger of PSA and Fiat Chrysler Automobiles, signifying a deep commitment to advancing electric vehicle technology and battery innovation within the automotive industry.
What's next for Lyten?
The substantial enterprise-level capital infusion, including the recent strategic investment, signals a strong validation of Lyten's technology and market potential. This backing is expected to accelerate the company's scaling efforts, enabling broader commercialization of its lithium-sulfur battery solutions across the automotive, aerospace, and defense industries. Lyten's focus on improving EV performance and sustainability, coupled with its strategic partnerships, positions it for significant growth and impact in the clean energy sector.
See full Lyten company page
