Stellantis has introduced an funding in Lyten, a Silicon Valley startup that’s growing lithium-sulfur EV batteries made with three-dimensional graphene that promise diminished weight, increased power density and an easier invoice of supplies.
The 2 corporations introduced the tie-up on Thursday. They might not disclose the dimensions of the funding, different to say that Stellantis Ventures, the group’s tech-focused enterprise capital fund, wouldhave a “vital” function in Lyten’s present funding spherical.
Lyten’s lithium-sulfur batteries can be prepared for manufacturing by the top of the last decade, Oliver Gross, senior fellow power storage and electrification at Stellantis, mentioned.
“We needed to discover a know-how that can be nicely deployable inside the Dare Ahead 2030 targets,” Gross mentioned of Stellantis’ strategic plan, which envisages gross sales of greater than 5 million EVs globally by that point, together with one hundred pc of European gross sales and 50 % within the U.S.
Dan Prepare dinner, the CEO and co-founder of Lyten, mentioned the batteries might have as much as twice the power density of present batteries, and that uncooked materials sourcing and manufacturing may very well be localized in North America and Europe. The primary batteries from a pilot plant in San Jose, California, are anticipated to bear testing by the top of this 12 months, Lyten mentioned.
Prepare dinner described three-dimensional graphene as a “supermaterial,” in a position to be tuned to all kinds of makes use of, together with light-weight physique and structural elements, in addition to sensors.