Silicon Valley battery startup Lyten stated that it raised $200 million in new funding because it seems to scale up manufacturing of lithium sulfur EV batteries, light-weight composites and sensors.
The most recent funding, led by enterprise capital agency Prime Movers Lab, takes the full fairness funding in Lyten to greater than $410 million.
The corporate in Might obtained an funding from Stellantis to assist the automaker simplify its provide chain and pursue greener expertise for EVs.
Lyten, based in 2015, stated it was working with Stellantis, FedEx, the U.S. authorities, and different corporations to develop merchandise, together with light-weight and multifunctional composites and ultra-high sensitivity networks in automotive, logistics, aviation and protection sectors.
Lyten targets to ship its first business composites software by year-end.
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