California-based, Lyten, a supreme leader in Lithium-Sulfur batteries and supermaterial application business raised an investment led by Luxembourg Future Fund 2.
After this investment, Lyten will manufacture batteries locally and support local European manufacturing of EV, defense, and space equipment.
California-based Lyten Received Investment
Lyten CEO, Dan Cook said that the funds invested by Luxembourg Future Fund 2 help them to support local manufacturers.
Lyten is a Lithium-Sulfur battery manufacturer that develops supermaterial applications company. Lyten has a unique method with that they permanently isolate carbon from methane and later convert it into 3D Graphene.
Moreover, Lyten’s next-gen lithium-sulfur batteries are free from carbon and powered by 3D Graphene™ technology. They have been used in many industries such as EV, defense, aerospace, etc. Also, Lyten is working on an advanced concrete and polymer solution that gives users sustainability with performance.
Currently, Lyten HQ is situated in Luxembourg. The total funds raised by Lyten to date has crossed $425 million led by FedEx, Stellantis, and Honeywell.
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