Lithium-Sulfur battery producer raises $200M in Series B round
Startup Lyten raised $200 million in a Series B round to build up production of its lithium-sulfur battery cells.
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“The remaining space on the pilot line is expected to be allocated before the end of the year, including allocation to Stellantis and additional auto OEMs for cell testing. Lyten intends to break ground on scaled-up 3D Graphene and Lithium-Sulfur battery manufacturing facilities in 2024 in the US,” announced Lyten.