Lyten

Lyten

Develops 3D graphene-based energy solutions

Overview

Lyten develops 3D graphene materials and applies them to clean energy to help heavy-emitting industries cut emissions while keeping profits. Its offerings include a materials platform built around 3D graphene and a Lithium-Sulfur battery aimed at improving EV performance and cost. The company stands out by partnering with Fortune 500 customers and building a scalable platform, backed by investors like FedEx, Stellantis, and Honeywell. Its goal is to help large emitters reach net-zero emissions and speed the global shift to clean energy through proven partnerships and scalable materials technology.

About Lyten

Simplify's Rating
Why Lyten is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Industrial & Manufacturing

Energy

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$1.2B

Headquarters

San Jose, California

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • Industrial Hubs combine battery production, AI data centers, recycling for $10B+ investment.
  • Lithium-sulfur batteries enable 50% weight reduction for EVs, drones, satellites.
  • Heide Germany factory creates 1,000 jobs by 2028; diversifies defense, storage, mobility.

What critics are saying

  • Northvolt integration failures and cost overruns restart idle plants amid execution disasters.
  • Shift to legacy lithium-ion NMC production erodes differentiation versus CATL, delays sulfur.
  • EdgeConneX 1GW data center deal fails from grid constraints; strands battery assets.

What makes Lyten unique

  • Proprietary 3D Graphene platform eliminates cobalt, nickel, graphite from lithium-sulfur batteries.
  • Acquired 16 GWh Northvolt manufacturing capacity plus 8,500 tonne/year recycling plant.
  • S Cure concrete admixture doubles early strength; targets $700B global market.

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Funding

Total Funding

$1.2B

Above

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

-2%

2 year growth

-1%
Yahoo Finance
Apr 10th, 2026
Germany recovers $173M in public funds after Northvolt battery project insolvency

Germany has recovered €153 million in public funding following the insolvency of Swedish battery maker Northvolt, officials confirmed on Friday. The sum will be split equally between the federal government and Schleswig-Holstein state. An additional €69 million could be recovered this summer through solvent liquidation of the Northvolt Drei gigafactory project, pending final emissions permit approval. Northvolt had received a €600 million loan package from development bank KfW to build a battery factory in Germany, with approximately €330 million spent on construction, land and equipment. US battery technology firm Lyten is acquiring Northvolt's German subsidiary and Swedish parent company. Lyten plans to create around 1,000 jobs at the Heide site north of Hamburg, producing batteries for defence, energy storage and electric vehicles.

10four Media
Mar 23rd, 2026
Lyten to establish a Lyten Industrial Hub in Poland.

Lyten to establish a Lyten Industrial Hub in Poland. * Lyten announces the establishment of its next Lyten Industrial Hub in Gdańsk, Poland. The hub will bring together key manufacturing and digital resources to support energy infrastructure, the development of artificial intelligence, and the defense sector. * In February 2026, Lyten announced the creation of the first Lyten Industrial Hub in Sweden, combining battery production operations there with a 1 GW AI data center campus. * Lyten plans to complete its feasibility study by the end of 2026 to determine the full development plan. Lyten, the supermaterial applications company and global leader in an energy storage, has announced its interest in establishing a Lyten Industrial Hub in Poland. In 2026, Lyten will conduct a feasibility study to assess manufacturing requirements for Lyten products, potential private and public partnerships, and the necessary energy and utility infrastructure. The industrial hub will be built around Lyten Dwa - the energy storage production plant and R&D center in Gdańsk. In February 2026, Lyten announced the establishment of its first Industrial Hub in Skellefteå, Sweden, on the site of the former Northvolt Ett plant, which it recently acquired. It will combine battery production with a data center with a capacity of up to 1 GW, being built by EdgeConneX. Once it reaches full production capacity, the Swedish industrial hub is expected to attract over $10 billion in additional infrastructure investment and be an engine for jobs growth. "We are entering a new era of infrastructure development to support the multi-decade growth in power demand, AI data centers, and defense spending," said Dan Cook, CEO and co-founder of Lyten. "Lyten is establishing strategically located industrial hubs to combine Lyten's advanced materials and battery energy storage systems with digital AI infrastructure. We believe that Poland has the right talent, the right infrastructure, and the right appetite for public-private partnerships to enable a Lyten Industrial Hub to thrive in Gdańsk." Lyten currently operates Europe's largest battery energy storage (BESS) manufacturing facility in Gdansk, Poland, where it produces the Voltpack Mobile System (VMS). The VMS is a modular, AI-enabled power management system that utilizes batteries to ensure consistent, reliable power at all times. VMS is pre-integrated to orchestrate power with millisecond response times between any combination of solar, wind, generator, battery and grid power sources. Additional Lyten products, made from the company's proprietary supermaterials (Lyten 3D Graphene materials), which will be evaluated for inclusion in the Lyten Industrial Hub, include: * Lithium-sulfur batteries for autonomous systems, including drones, robots and satellites. * Ultra-high-strength 3D printing filaments and Lyten adhesives for use in the defense, aerospace and motorsport industries. * Lyten S Cure concrete admixtures, enabling the production of high-strength concrete with a lower carbon footprint, supporting the development of commercial, industrial and critical infrastructure. Robert Chryc-Gawrychowski, CEO of Lyten Poland, added: "Manufacturing creates much-needed jobs, but requires significant capital investment. AI data centers bring in huge investment and capital, but do not drive significant employment growth. By combining these two elements in our industrial hubs, we deliver the benefits of both sectors worlds and at the same time future proof the local economy as AI continues its disruptive growth." On March 20, Lyten invited leaders from the public and private sectors across Poland and the European Union to a welcome ceremony at its Lyten Dwa facility in Gdańsk. This was the first event of its kind since Lyten acquired the site in the fourth quarter of 2025. Attendees included, amongst others, the Minister of Finance and Economy, Andrzej Domański; the Marshal of the Pomeranian Province, Mieczyslaw Struk; and the Deputy Mayor of Gdańsk, Piotr Grzelak. About Lyten Founded in 2015, Lyten is a global leader in lithium-sulfur batteries and advanced 3D graphene materials. It has raised over $625 million in equity funding and has signed letters of intent for $650 million in financing from the Export-Import Bank of the US. Lyten is a private company with over 1,000 investors, including Stellantis, FedEx, Honeywell, Prime Movers Lab, the European Investment Fund and the Luxembourg Future Fund. No external investor holds more than a 5% stake in the company, and all significant investors are based in North America and Europe. Lyten's board comprises members from the US and Europe. The US headquarters are in San Jose, California, and the European headquarters are in Luxembourg. The company holds over 550 granted or pending patents and currently manufactures lithium-sulfur batteries from domestic raw materials in San Jose, California, for customers in the drone, autonomous systems and defense sectors, whilst also operating Europe's largest energy storage systems manufacturing facility in Gdańsk, Poland. Lyten has a growing portfolio of products utilizing the 3D Graphene supermaterials platform across the concrete, additive manufacturing, motorsport and defense sectors. Lyten was ranked by *Fast Company* as the 8th most innovative energy company and featured on *Time* magazine's list of the best US green technology companies in 2024, 2025 and 2026, and in 2025, for the third consecutive year, it was included in the Silicon Valley Defense Journal's list of the 100 best national security companies. About Lyten Poland Lyten Poland operates the Dwa site, a 25,000-square-metre production facility and R&D center specializing in the manufacture of battery energy storage systems (BESS), which opened in 2023. It is the largest energy storage system manufacturing plant in Europe equipped with state-of the-art equipment, technologies and robotic automation. The plant is equipped to support a 6GWh production capacity, with the footprint to expand to 12 GWh in the future. On 16 October 2025, Lyten finalized the acquisition of the then Northvolt Dwa plant. The acquisition covered Northvolt's BESS product portfolio and intellectual property. The plant, in conjunction with the R&D center is set to become the company's main European production center for BESS systems.

DataCenterNews
Mar 18th, 2026
Lyten expands battery manufacturing operations in Europe.

Lyten expands battery manufacturing operations in Europe. Last updated: March 18, 2026 5:12 pm Published March 18, 2026 Lyten, an organization specialising in lithium-sulfur batteries and vitality storage, has acquired Northvolt Ett and Northvolt Labs in Sweden. The acquisition gives Lyten with 16 GWh of present battery manufacturing capability throughout 160 hectares of land. The acquisition consists of superior infrastructure and buildings, in addition to a battery analysis and improvement centre. The acquisition helps Lyten's growth within the European market. As a part of its development, Lyten is establishing the Lyten Industrial Hub in Skellefteå on the Northvolt Ett web site. The hub will use present infrastructure, together with hydroelectric energy, to co-locate battery manufacturing, AI knowledge centres, and complementary industrial operations which might be necessary to each Sweden and the EU. In a associated improvement, EdgeConneX plans to amass a knowledge centre web site from Lyten in Skellefteå. The location has the potential to scale right into a one-gigawatt knowledge centre campus, which might be among the many largest in Europe. Following the acquisition, Lyten will restart operations at Northvolt Ett and Northvolt Labs. Northvolt Ett will produce lithium-ion NMC batteries for battery vitality storage programs, automotive purposes, and different mobility sectors. Gross sales of those cells are anticipated to produce Lyten's BESS manufacturing facility in Poland by the second half of 2026. At Northvolt Labs in Västerås, collaboration with Lyten's Silicon Valley staff will deal with industrialising lithium-sulfur battery know-how for large-scale manufacturing. To help these operations, Lyten will launch a rehiring programme in Skellefteå and Västerås. Primarily based on projected buyer demand, the corporate expects to make use of over 600 extra employees inside the subsequent 12 months, sustaining a continued hiring tempo within the following years. The native municipality of Skellefteå famous the importance of resuming battery manufacturing, which aligns with the EU's battery technique and contributes to Europe's place within the sector.

electrive
Mar 18th, 2026
Germany: Lyten to launch battery production at former Northvolt site in Heide by 2028.

Germany: Lyten to launch battery production at former Northvolt site in Heide by 2028. US battery manufacturer Lyten plans to create around 1,000 jobs at the Northvolt site in Heide (Schleswig-Holstein). Lyten CEO Dan Cook has now informed representatives of the state government about this. The battery factory is scheduled to begin operations in 2028 and will produce cells for a wide range of applications. By Florian Treiss 18.03.2026 - 10:10 Following the insolvency of Swedish battery cell manufacturer Northvolt, its plans to establish a cell factory in Heide, which would have created 3,000 jobs, appeared doomed. However, in August, a surprising development unfolded when US battery manufacturer Lyten announced its intention to take over Northvolt's sites in Sweden and Germany. Since then, there has been renewed optimism for the Heide site, where the land had already been prepared, but construction of the battery cell factory, named Northvolt Drei, had never truly begun. Now, roughly six months later, Lyten CEO Dan Cook presented his plans for the Heide site to the state government in Kiel in Northern Germany. Lyten's ambitions are significantly more modest than Northvolt's original plans. As in October, Lyten aims to create 'only' 1,000 jobs - just one-third of the number Northvolt had envisioned for its heavily state- and federally funded project. At the same time, Cook emphasised that the new factory would operate relatively independently of the ramp-up of electric mobility. "We plan to manufacture batteries for a wide range of applications, including defence, stationary energy storage, mobility, and electric vehicles," Cook stated, adding: "We are not Northvolt, we are Lyten." The former Northvolt site in Heide will not only be used for battery cell production but also for battery storage systems and data centres. Construction is scheduled to begin in 2027, with battery cell production expected to start in 2028. Schleswig-Holstein's Minister-President Daniel Günther (CDU) welcomed the announcement, describing the timeline outlined by Cook as a positive signal. He added that outstanding issues would now be addressed in coordination with the federal government, stressing that the next steps require alignment at the national level. Indeed, Cook is scheduled to meet with representatives of the federal government later this week. This is particularly necessary because, while the takeover of the insolvent Swedish parts of Northvolt - namely the main factory in Skellefteå and the development centre in Västerås - has been completed, negotiations with the federal government, the state-owned development bank KfW, and the state of Schleswig-Holstein regarding the German Northvolt subsidiary are still ongoing. 0 comments. about "Germany: Lyten to launch battery production at former Northvolt site in Heide by 2028" Your email address will not be published. Required fields are marked *

Lyten
Mar 13th, 2026
PRESS RELEASE: Lyten to acquire Northvolt Revolt battery recycling plant.

PRESS RELEASE: Lyten to acquire Northvolt Revolt battery recycling plant. * Lyten, the global leader in lithium-sulfur batteries, announced it has entered into a binding agreement to acquire Northvolt Revolt Ett ("Revolt"), one of the largest battery recycling sites in Europe. * The transaction follows Lyten's recent closing of its Northvolt Sweden acquisition, with Revolt being an important addition to the Lyten Industrial Hub in Skellefteå. * The transaction is expected to close in the second quarter of this year. SAN JOSE, Calif., and STOCKHOLM, Sweden - March 13, 2026 - (Cision) Following the closing of its acquisition of Northvolt Ett and Northvolt Labs on 27 February 2026, Lyten announced today that it has entered into a binding agreement to acquire Revolt, the former Northvolt recycling site in Skellefteå, Sweden, including licenses to key technology. The financial terms of the agreement were not disclosed by any parties. Revolt is one of Europe's largest fully integrated battery recycling plants, with an installed recycling capacity of 8500 tonnes/year and the infrastructure to scale further. The site is powered by 100 percent fossil-free energy and located directly alongside the Lyten Ett gigafactory in Skellefteå. The facility supports the recycling of lithium, cobalt, nickel, and manganese. Dan Cook, Lyten CEO and Co-Founder stated, "The Revolt recycling plant is an important piece in enabling Europe's battery supply chain independence and supports Lyten's goal of reducing mined mineral content in our batteries. We are currently identifying the right partners to restart and scale recycling operations at the Lyten Industrial Hub in Skellefteå." The Revolt acquisition continues Lyten's strategy of building a Lyten Industrial Hub at the former Northvolt Ett location in Skellefteå. Following completion of its Northvolt Sweden acquisition in February, Lyten is now actively restarting lithium-ion battery manufacturing and has signed an agreement with EdgeConneX to acquire a data center site with potential to scale to up to 1 GW of data center capacity, making it one of the largest data center sites in Europe. This acquisition is being fully funded from equity investment in Lyten. Lyten is working through all appropriate legal and regulatory approval processes in Sweden and expects the acquisitions to close in the second quarter of this year. About Lyten Lyten, founded in 2015, is the global leader in lithium-sulfur batteries and advanced 3D Graphene materials. It has received more than $625M in equity investment and secured LOIs for $650M in financing from the Export Import Bank of the US. Lyten is privately held with more than 1000 investors, including Stellantis, FedEx, Honeywell, Prime Movers Lab, the European Investment Fund, and Luxembourg Future Fund. No single external investor holds more than 5% of the company equity and all investors of significance are based in North America and Europe. Lyten's board is made up of US and European members, the US corporate headquarters is in San Jose, Calif., and its European corporate headquarters is in Luxembourg. The company lists more than 550 patents granted or pending and is currently manufacturing domestically sourced lithium-sulfur batteries in San Jose, Calif. for drone, autonomous system, and defense customers and operates the largest battery energy storage systems manufacturing facility in Europe, in Gdansk, Poland. Lyten owns a growing portfolio of products utilizing its 3D Graphene supermaterials platform in concrete, additive manufacturing, motorsports and defense. Lyten was named Fast Company's #8 Most Innovative Energy Company and named one of America's Top Green Technology Companies by Time in 2024, 2025, 2026 and been named to Silicon Valley Defense Journal's Top 100 National Security Companies for the third consecutive year in 2025.

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