Lyten joined the Unicorn Club after raising $367 million across multiple funding rounds, reaching a $1.33 billion valuation. Founded in 2015 and headquartered in San Jose, California, United States, Lyten is a manufacturing and materials science company developing lithium sulfur batteries and 3D graphene technologies for next generation energy storage.
The company focuses on lightweight, high performance, and sustainable materials for transportation, aerospace, and energy applications.
Keep reading to learn how Lyten scaled into a $1.33 billion advanced manufacturing unicorn.
What Is Lyten and What Does It Do?
Founded in 2015, Lyten is a manufacturing and advanced materials company focused on developing lithium sulfur battery technology and 3D graphene based materials. Its innovations aim to deliver higher energy density, lower weight, and reduced environmental impact compared to traditional lithium ion solutions.
Lyten’s technology platform supports applications across electric vehicles, aerospace, defense, drones, and grid storage. The company combines materials science, manufacturing innovation, and proprietary processes to enable scalable and sustainable energy storage solutions.
How Much Funding Has Lyten Raised?
1. Seed Round
- Amount Raised: $10 million
- Date: 2016
- Lead Investors: Early stage technology investors
- Purpose: Develop core materials science platform and early battery prototypes
2. Series A Round
- Amount Raised: $30 million
- Date: 2018
- Lead Investors: Prime Movers Lab
- Purpose: Advance lithium sulfur battery development and expand R&D capabilities
3. Series B Round
- Amount Raised: $200 million
- Date: 2021
- Lead Investors: Prime Movers Lab, Stellantis
- Purpose: Scale manufacturing, validate commercial use cases, and expand strategic partnerships
4. Series C Round
- Amount Raised: $127 million
- Date: 2022
- Valuation: Approximately $1.33 billion
- Lead Investors: Prime Movers Lab
- Purpose: Expand production capacity, accelerate commercialization, and support enterprise deployments
Total Funding Raised: $367 million Latest Funding Date: 2022 Latest Known Valuation: $1.33 billion
Key Investors
- Prime Movers Lab
- Details: Venture capital firm backing breakthrough science and deep tech
- Focus Areas: Advanced manufacturing, materials science, and climate technology
- Stellantis
- Details: Global automotive manufacturer and strategic investor
- Focus Areas: Electric vehicles, battery technology, and sustainable mobility
- FedEx
- Details: Global logistics company and strategic partner investor
- Focus Areas: Energy innovation, transportation efficiency, and sustainability
Where Is Lyten’s Headquarters?
Lyten is headquartered in San Jose, California, United States, serving as the center for its advanced manufacturing operations, materials research, and battery technology development.
What’s Next for Lyten?
Lyten plans to scale production of its lithium sulfur batteries, expand partnerships with automotive and aerospace manufacturers, and accelerate commercial deployments. The company is focused on reducing battery weight and emissions while improving performance, positioning its technology for large scale adoption across transportation, defense, and energy storage markets.
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