Lyten

Develops 3D graphene for clean energy

San Jose, California, United States

About Lyten

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 goal is to drive innovation across various industries through their materials platform, contributing to the decarbonization movement. Their revenue comes from partnerships and product sales, and they have secured substantial investments from major corporations.

San Jose, CaliforniaHeadquarters
2015Year Founded
$357MTotal Funding
DEBTCompany Stage
Automotive & Transportation, EnergyIndustries
201-500Employees

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$356.99 M
Latest valuation$1.00 B
StageDEBT