Lyten

Lyten

Develops 3D graphene for clean energy

About

Lyten develops and applies three-dimensional graphene to support clean energy initiatives. This material is lighter, stronger, and cleaner, making it suitable for industries aiming for net-zero emissions. Lyten's main clients are large companies in high carbon-emission sectors looking for sustainable solutions. They create applications using their 3D graphene to help these sectors reduce their carbon footprint while maintaining profitability. A significant product is their Lithium-Sulfur battery, which could enhance the affordability and efficiency of electric vehicles. Lyten's revenue comes from partnerships and product sales, and they have recently secured substantial investments from major corporations. The company's goal is to drive decarbonization across various industries and facilitate the transition to clean energy.

Company Stage

Debt Financing

Employees

201-500

Industries

Automotive & Transportation, Energy

Total Funding

$357M

Headquarters

San Jose, California

Founded

2015


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Simplify's Take

What believers are saying

  • Lyten's $1 billion Gigafactory investment scales lithium-sulfur battery production.
  • Partnership with Stellantis enhances market reach in the automotive sector.
  • $650 million support from US Ex-Im Bank boosts financial stability for expansion.

What critics are saying

  • Over-reliance on lithium-sulfur technology amidst advancing alternatives poses a risk.
  • Integration challenges from Cuberg acquisition may impact production timelines.
  • $1 billion Gigafactory investment could strain finances if demand falls short.

What makes Lyten unique

  • Lyten transforms methane into 3D Graphene, a tunable supermaterial for decarbonization.
  • Their lithium-sulfur batteries target automotive, aerospace, and defense sectors.
  • Lyten's polymer composite reduces plastic usage by up to 50% without losing integrity.

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Growth & Insights
Headcount

6 month growth

2%

1 year growth

4%

2 year growth

10%

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