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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.
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
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Total Funding
$1.2B
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Funded Over
6 Rounds
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Lyten chosen as the main filament supplier for Modovolo's innovative BFP 3D printing platform. July 25, 2026 Lyten has been chosen as the primary filament provider for Modovolo's innovative BFP 3D printing platform, which aims to transform the production of high-performance parts in sectors like aerospace and automotive. This collaboration leverages Lyten's advanced 3D Graphene(TM) enhanced filaments, particularly the PA1205 filament, which boasts superior strength and lightweight properties compared to traditional carbon fiber options. The BFP 3D printing system developed by Modovolo is designed to facilitate US-sourced, US-manufactured parts, addressing the rising demand for large, complex components that can be produced right at the point of need. This modular and containerized design empowers manufacturers to set up operations wherever required without the constraints of long supply chains. Justin Call, CEO of Modovolo, expressed confidence in Lyten's filaments after an exhaustive search for high-performance materials. The PA1205 filament not only enables the production of lighter and stronger parts but also offers better finish and speed in comparison to competing materials. Lyten's PA1205 filament offers significant advantages including a 100% improvement in X-Y axis tensile strength, a 40% boost in Z-axis strength, and a 50% increase in impact resistance. These properties make it an ideal choice for applications demanding aerospace-grade quality. Dan Cook, CEO of Lyten, emphasized the importance of local sourcing and manufacturing, stating that the partnership with Modovolo aims to demonstrate that high-quality products can be made domestically, fostering resilience in supply chains. The developments with Modovolo's BFP system signifies a shift in how parts can be manufactured and supplied globally, with the capability to quickly establish modular factories anywhere in the world for aviation and industrial-grade components. Modovolo has been utilizing Lyten's filaments in its Lift Quadcopter-X, a versatile drone designed for various applications, from commercial use to defense tasks. The two companies plan to showcase their collaborative work at upcoming aerospace and motorsport events. Have a model ready? Get a price in seconds. Upload your STL or STEP file for an instant, no-obligation quote across every process and material 3D Printing Services offer.
Lyten commits to taking over the Northvolt construction site. After Northvolt's bankruptcy, Lyten takes over the construction site near Heide and plans to produce batteries for a broad range of applications. 01.07.2026 - 11:32 AM View of an access road to the construction site of the insolvent battery manufacturer Northvolt. Photo: Marcus Brandt/dpa After the bankruptcy of Swedish battery manufacturer Northvolt, the takeover of the German construction site near Heide in Schleswig-Holstein by the US company Lyten is progressing. Following the signing of a letter of intent with the state development bank KfW, Northvolt Drei Project GmbH, and its shareholder LG Batterie GmbH, the battery manufacturer is taking over the costs for the preservation and safeguarding of assets, including personnel costs at the German Northvolt subsidiary, as the company announced. In return for covering the ongoing costs, the state of Schleswig-Holstein and Lyten signed an exclusivity agreement. The goal is to conclude a final purchase agreement in the third quarter. Unlike the parent company, the German subsidiary Northvolt Drei did not go bankrupt but was kept afloat by the federal and state governments. According to information from the German Press Agency, Lyten is expected to pay around 60 million euros for the site near Heide. The approximately 100-hectare site with building rights had been valued by auditors at at least 11 million euros after the Northvolt insolvency. Reactions from Lyten, Northvolt, and politics. Schleswig-Holstein's Minister President Daniel Günther (CDU) stated: "This brings months of negotiations about the German Northvolt subsidiary and its site near Heide into the home stretch." Confidentiality was agreed with Lyten regarding details. Lyten CEO and co-founder Dan Cook announced: "We plan to develop Drei as a German hub for clean battery production and industrial manufacturing, which should also house AI infrastructure." The site in Schleswig-Holstein stands out for its high availability of renewable energy and exceptionally skilled regional talent. "For Lyten, this is a long-term investment with a perspective spanning several decades." The head of the German Northvolt subsidiary, Nicolas Steinbacher, emphasized that the letter of intent creates an important basis for a takeover and a new future for the project. "The declaration shows that the site remains attractive and that the team, together with our partners and the region, has created essential foundations that Lyten can build upon with its plans." According to Schleswig-Holstein's Economics Minister Claus Ruhe Madsen (CDU), the goal of the legally non-binding letter of intent is to set down the conditions for the asset acquisition. "The state is not a party to the letter of intent and the subsequent purchase agreements, but together with the federal government it is economically favored." If concluded, the purchase price is to go half to the federal government and half to the state. For the construction of the factory, Northvolt had received a convertible bond of 600 million euros from the state development bank KfW. The federal and state governments each guaranteed half. After the bankruptcy, the federal and state governments could only secure 153 million euros of that. The financial damage for Schleswig-Holstein thus amounts to around 200 million euros. Lyten's plans for the factory. Lyten initially plans to build significantly smaller than Northvolt, which had intended to build a battery factory with 3,000 jobs. In March, Cook announced initial details of his plans after a visit from the state government in Kiel. According to his statements at the time, around 1,000 jobs are to be created on the site initially. However, the business is not planned to depend solely on batteries for electric vehicles, but to produce batteries for a broad range of applications, including defense, stationary energy storage, mobility, and electric vehicles. At the end of February, Lyten completed the acquisition of the insolvent Swedish part of Northvolt - the main factory in Skellefteå and the development center in Västerås. At the Northvolt construction site between Norderwöhrden and Lohe Rickelshof near Heide, extensive earthworks and the installation of power and supply infrastructure had already been completed before the insolvency of Northvolt AB at the start of last year. Opposition criticizes state government. Twice in a short time, the state government has faced criticism for its handling of Northvolt. First, the Court of Audit criticized it for violating budget regulations regarding funding. Then the constitutional court ruled on lawsuits by the FDP and SPD that the government had not adequately informed the state parliament about the risks of the project. On Tuesday, a state parliament committee had already dealt with the topic. Subsequently, the opposition once again criticized a lack of transparency in the state government's handling of the plans. "The decision-making basis is not reliable in this case either, so the state government actually cannot approve the sale. If it does so anyway, it does so blindly - as was the case with the convertible bond," said former Economics Minister Bernd Buchholz (FDP). SPD economic politician Kianusch Stender demanded a reliable decision-making basis. However, there are considerable doubts about that. His SSW colleague Sybilla Nitsch emphasized that after Northvolt, openness would have been the order of the day. Set WiWo as your important news source.
Germany reportedly moves Northvolt Heide project into state control ahead of Lyten sale. Report says the German government is seeking to accelerate the transfer of Northvolt's unfinished battery project in Heide to U.S. battery maker Lyten. Germany's Economy Minister Katherina Reiche is reportedly accelerating plans to transfer Northvolt's unfinished battery project in Heide to U.S.-based battery manufacturer Lyten, according to a report by Der Spiegel. The publication reported that the German Federal Ministry for Economic Affairs has placed Northvolt Drei Project GmbH, the German project company behind the planned battery factory, under state control as an interim step before completing the proposed sale. According to the report, the shares of Northvolt Drei Project GmbH are currently being held in trust for the German government through LG Batterie GmbH and another intermediary company. The move has not been publicly announced. Government seeks to advance sale. Der Spiegel said the government's intervention followed a ruling by a Hamburg court related to remaining public subsidies of up to €264 million that authorities were seeking to protect. The ministry is now reportedly working to transfer the project company, or its remaining assets, to Lyten as quickly as possible. In August 2025, Lyten announced plans to acquire the business of Northvolt's insolvent Swedish operations as well as the non-insolvent battery project in Heide, Schleswig-Holstein. More recently, Lyten reached an agreement with Germany's state-owned development bank KfW, the federal government and the state of Schleswig-Holstein to acquire the Heide project for approximately €60 million. The proposed transaction includes the project site and production equipment already purchased for the planned battery factory. However, the facility has not yet entered production and remains largely an undeveloped industrial site rather than an operational manufacturing plant. Parliamentary approval expected. The sale is expected to move forward following a special meeting of the finance committee of the Schleswig-Holstein state parliament, where lawmakers are due to consider approval of the transaction. The state is among the project's creditors through a convertible bond. According to the report, Lyten is expected to assume its first responsibilities for the German project company from July 1, including responsibility for employee salary payments. Sale price draws scrutiny. The reported €60 million purchase price has prompted questions because it is substantially below the estimated investment already made in the project. According to Der Spiegel, the industrial site reportedly cost around €50 million, while construction work added approximately €260 million. The project company also purchased battery cell manufacturing equipment valued at about €51 million. The report added that the German federal government and the state of Schleswig-Holstein are expected to bear additional costs in the tens of millions of euros to wind up the existing project company, including severance payments and administrative expenses. Overall, the financial gap is reported to exceed €300 million, potentially leaving public authorities to absorb much of the project's losses. Der Spiegel said the situation has raised questions over whether the transaction could amount to indirect financial support for Lyten. According to the magazine, the German Federal Ministry for Economic Affairs declined to comment on the matter. Discover more Electricity Electronic Accessories
Lyten takes over northvolt site for 60 million euros. 21.06.26 06:58 KIEL (dpa-AFX) - There is apparently an agreement on the future of the German assets of the insolvent Swedish battery cell manufacturer Northvolt. The US start-up Lyten has agreed with the state development bank KfW and the governments of the federal government and Schleswig-Holstein on a purchase price of around 60 million euros for the brownfield site near Heide, according to a report by 'Spiegel'. This aligns with information also available to the German Press Agency. However, official confirmation is still pending. 'The state government is still in talks with Lyten,' said a spokesman for the Ministry of Economic Affairs. Next week, the cabinet and at a later date two state parliament committees will deal with the issue. Until then, the government will not comment on the matter. Lyten wants to build a battery cell factory, a battery storage facility and a data center on the site near Heide. Instead of the originally envisioned around 3,000 jobs by Northvolt, there are now expected to be only about 1,000 jobs. Before the Northvolt bankruptcy, the state development bank KfW had issued a convertible bond of around 600 million euros. The federal government and the state each guaranteed half. During Lyten's takeover of the German Northvolt subsidiary, the federal government and the state were able to secure 153 million euros. The financial damage to Schleswig-Holstein thus amounts to more than 200 million euros, but this will be slightly reduced by the land sale./klm/akl/DP/zb NEW: Tradespot from finanzen.net In a matter of our own Experience trading in a new dimension. Don't miss any trading opportunities with the new trading app for ambitious investors!
Lyten reportedly acquires Northvolt site for around 60 million euros. An agreement has apparently been reached about the future of the German assets of the insolvent Swedish battery cell manufacturer Northvolt. According to a report by "Spiegel", the US start-up Lyten has agreed with the state development bank KfW and the governments of the federal government and Schleswig-Holstein on a purchase price of around 60 million euros for the brownfield site near Heide. June 21, 2026 01:42 This is consistent with information also obtained by the German Press Agency. However, official confirmation is still pending. "The state government is continuing talks with Lyten," said a spokesman for the Ministry of Economic Affairs. Next week, the cabinet and at a later date two state parliament committees will deal with the matter. Until then, the government will not comment on the issue. Lyten wants to build a battery cell factory, a battery storage facility, and a data center on the site near Heide. Instead of the roughly 3,000 jobs originally envisioned by Northvolt, only about 1,000 are expected. Before Northvolt's bankruptcy, the state development bank KfW had issued a convertible bond worth around 600 million euros. The federal government and the state each provided half of the guarantees. In the course of the takeover of the German Northvolt subsidiary by Lyten, the federal government and the state were able to secure 153 million euros. The financial damage for Schleswig-Holstein therefore amounts to more than 200 million euros, but will decrease somewhat due to the land sale./klm/akl/DP/zb
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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
Find jobs on Simplify and start your career today