How much funding has Lyten raised?

Lyten has raised $625.0M in total funding. Key investors include Prime Movers Lab, Stellantis, FedEx, Honeywell, Walbridge Aldinger Company, European Investment Fund, Luxembourg Future Fund, Nokia, David Ku (former Microsoft CVP AI).

Who is the CEO of Lyten?

Dan Cook is the CEO of Lyten. The company was founded in 2015.

Where is Lyten located?

Lyten is headquartered in San Jose, United States.

What funding stage is Lyten at?

Lyten is currently at the Active stage.

How many employees does Lyten have?

Lyten has approximately 501-1000 employees.

Lyten

Name: AM Companies Database
Creator: AMPulse
License: https://creativecommons.org/licenses/by/4.0/

MaterialsSan Jose, United StatesFounded 2015· One of 961 Materials companies tracked by AMPulse

A supermaterial applications company that develops and manufactures products using proprietary 3D Graphene™ technology, including next-generation lithium-sulfur batteries, lightweight polymer composites, advanced sensors, and high-strength materials.

CEO / Founder: Dan Cook
Team Size: 501-1000
Stage: Active
Total Funding: $625.0M
Latest Round: Series C
Key Investors: Prime Movers Lab, Stellantis, FedEx, Honeywell, Walbridge Aldinger Company, European Investment Fund, Luxembourg Future Fund, Nokia, David Ku (former Microsoft CVP AI)

Technology & Products

Key Products

Lyten develops and manufactures products using its proprietary 3D Graphene™ technology, including lithium-sulfur batteries, lightweight polymer composites, and advanced sensors. They have also acquired Northvolt's product portfolio of lithium-ion NMC batteries and battery energy storage systems (BESS).

Technological Advantage

Combines proprietary 3D Graphene production from captured methane with vertically integrated manufacturing. Lithium-sulfur batteries use abundant sulfur instead of scarce minerals (nickel, cobalt, manganese), enabling 2x energy density at lower cost. Composites reduce plastic usage by 50% while maintaining structural integrity. All products leverage same core supermaterial platform for multiple billion-dollar markets.

Differentiation

Value Proposition

Develops higher-performing, lower-cost, and decarbonizing products: lithium-sulfur batteries with 2x energy density of NMC batteries at LFP cost, polymer composites reducing plastic weight by up to 50% while maintaining strength, and ultra-sensitive sensors for industrial safety applications.

How They Differentiate

Proprietary 3D Graphene™ supermaterial platform spanning multiple applications (lithium-sulfur batteries, lightweight composites, sensors, construction materials) with vertically integrated manufacturing. Only Li-S company with Fortune 500 strategic investors across automotive (Stellantis), logistics (FedEx), and aerospace/defense (Honeywell). Recently acquired Northvolt's European manufacturing assets, providing immediate production scale.

Market & Competition

Target Customers

Automotive OEMs (electric vehicles), aerospace and defense contractors, logistics companies, industrial manufacturers, consumer electronics companies, and government/military agencies

Industry Verticals

["Automotive & Electric Vehicles","Aerospace & Defense","Energy Storage","Logistics & Transportation","Consumer Electronics","Industrial Manufacturing","Construction"]

Competitors

PolyPlus Battery Company, NexTech Batteries Inc., Li-S Energy Limited, Zeta Energy

Growth & Milestones

Growth Metrics

Reached 315+ employees from founding team; $110M revenue reported in September 2025; 90%+ manufacturing yields achieved; commercial shipments to non-EV customers in 2024; secured $650M financing LOI from US Export-Import Bank; over 1,000 investors in private company; Europe's largest BESS manufacturing facility in Gdańsk, Poland

Major Milestones

["Shipped lithium-sulfur battery A-samples to automotive, consumer electronics, and military customers in May 2024","Featured in Chrysler Halcyon concept EV with 800V lithium-sulfur batteries (Feb 2024)","Series B raised $200M led by Prime Movers Lab with participation from Stellantis, FedEx, Honeywell (Sep 2023)","Named Fast Company's #8 Most Innovative Energy Company (2024)","Secured $4M US Department of Energy grant for Li-S battery advancement (Jan 2024)","Acquired Northvolt Sweden battery manufacturing assets (Jul 2025)","Secured $650M financing LOI from Export-Import Bank of the United States (Dec 2024)","Announced plans for $1B lithium-sulfur battery gigafactory in Nevada","Completed acquisition of Northvolt Sweden and established first Lyten Industrial Hub in Sweden (Feb 2026)","Announced establishment of Lyten Industrial Hub in Gdańsk, Poland (Mar 2026)","Featured on Time magazine's list of best US green technology companies 2024, 2025, and 2026"]

Notable Customers

Stellantis (also an investor)

https://lyten.com

Why this company matters

Lyten develops and manufactures products using its proprietary 3D Graphene™ supermaterial platform, which can be tuned for combinations of strength, conductivity, weight, and thermal properties. The company produces 3D Graphene from captured methane, permanently sequestering carbon in the processcars. This platform underpins three product lines: lithium-sulfur batteries targeting 2x the energy density of NMC at LFP cost, polymer composites that reduce plastic weight by up to 50% while maintaining strength, and ultra-sensitive sensors for industrial safety.

The company's lithium-sulfur batteries replace scarce nickel, cobalt, and manganese with abundant sulfur, enabling lower-cost energy storage. Lyten shipped A-samples to automotive, consumer electronics, and military customers in May 2024 and was featured in the Chrysler Halcyon concept EV with 800V lithium-sulfur batteries. In July 2025, Lyten acquired Northvolt's European manufacturing assets, adding lithium-ion NMC battery and BESS production capabilities.

Lyten's customer base spans automotive OEMs (Stellantis is both a customer and strategic investor), logistics companies (FedEx), aerospace and defense contractors (Honeywell), and government agencies (NASA demonstrated Lyten batteries on the ISS). The company has raised $579.7M from investors including Prime Movers Lab, Stellantis, FedEx, Honeywell, and the European Investment Fund. It reported $110M in revenue as of September 2025 and secured a $650M financing letter of intent from the US Export-Import Bank for a planned $1B lithium-sulfur battery gigafactory in Nevada.

Lyten's competitive moat lies in its vertically integrated 3D Graphene production and a single platform addressing multiple billion-dollar markets. With over 550 granted or pending patents and 90%+ manufacturing yields at pilot scale, the company has a first-mover advantage in commercializing lithium-sulfur batteries. Key competitors include PolyPlus Battery Company, NexTech Batteries, Li-S Energy, and Zeta Energy, but Lyten differentiates through Fortune 500 strategic investors across automotive, logistics, and aerospace sectors.