Lyten, a San Jose, CA-based pioneer of tunable three-dimensional graphene, received an investment from Stellantis Ventures, the corporate venture fund of Stellantis.
The amount of the deal was not disclosed.
The investment is aimed at accelerating the commercialization of Lyten 3D Graphene applications for the mobility industry, including the LytCell lithium-sulfur EV battery, lightweighting composites and novel on-board sensing.
Founded in 2015 and led by Dan Cook, President and CEO, Lyten is a materials innovation and applications company and the pioneer of the Lyten 3D Graphene materials platform. Lyten’s decarbonization supermaterials are being tuned for a wide range of applications, including the next-generation lithium-sulfur batteries for use in the automotive, aerospace, defense, and other markets; a next-generation LytR polymer composite that can reduce the amount of plastic used by up to half while maintaining structural and impact strength; and next-generation sensor arrays that increase detection sensitivity and selectivity for use in automotive, industrial, health, and safety applications.
Apart from producing EV batteries, Lyten is working with previous customers to start delivering lithium-sulfur batteries and 3D Graphene-infused composites for specialty markets in 2023.
