Founding Year2015TractionLyten has previously acquired Northvolt's battery facilities in California and Poland, and is in discussions to acquire operations in Quebec, Canada. Around 3,000 former Northvolt employees were asked if they would return to work under the new ownership.Organizations InvolvedVolkswagen, Goldman SachsMarketElectric Vehicles and Energy StorageLocationSkellefteå, SwedenCoinvestorsMcKinsey, Stellantis, Honeywell Company Description
Lyten is a US battery company that manufactures lithium-sulfur batteries and sells to the rapidly growing drone and defence markets. The company has acquired Northvolt's assets, including its only operational factory in Skellefteå, Sweden.