Lyten (Acquisition)
Funding Details
Awarder
Inbox
Date Award
August 14, 2025
Vertical
Battery Manufacturing
Funding URL
View Funding Page
Company Info
Traction
Lyten has acquired multiple facilities from Northvolt, including those in California, Poland, and now Sweden, and is in discussions to acquire operations in Quebec, Canada.
Organizations Involved
Volkswagen, Goldman Sachs
Market
Electric Vehicles and Energy Storage
Location
Skellefteå, Sweden
Coinvestors
McKinsey, 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.

Links
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