Stellantis Ventures, the corporate venture fund of Stellantis N.V., has made an investment in Lyten, Inc. to accelerate the commercialization of Lyten’s 3D Graphene™ applications for the mobility industry. Lyten is a pioneer in three-dimensional (3D) Graphene and aims to leverage its tunable materials platform to enhance vehicle performance and customer experience while decarbonizing the transportation sector.
The collaboration will focus on developing the LytCell™ Lithium-Sulfur EV battery, lightweighting composites, and novel on-board sensing.
Lyten’s Lithium-Sulfur batteries offer several advantages over traditional lithium-ion batteries. They do not use nickel, cobalt, or manganese, resulting in an estimated 60% lower carbon footprint and the potential to achieve the lowest emissions EV battery on the global market. The raw materials for these batteries can be sourced and produced locally, enhancing regional supply sovereignty and reducing supply chain disruptions. The technology addresses the need for lightweight and energy-dense batteries.
Stellantis Ventures, launched in 2022, invests in early and later-stage startup companies developing innovative and sustainable technologies in the automotive and mobility sectors. The investment in Lyten aligns with Stellantis’ Dare Forward 2030 strategic plan, which includes deep emission cuts, carbon neutrality by 2038, and the adoption of customer-centric technologies.
Lyten’s President and CEO, Dan Cook, expressed gratitude for the investment and highlighted the transformative potential of Lyten 3D Graphene™ in various automotive applications. The company aims to decarbonize sectors through the development of high-performance carbon materials and their incorporation into automotive applications.
Carlos Tavares, CEO of Stellantis, expressed confidence in Lyten’s technology and its potential to drive clean, safe, and affordable mobility. He emphasized the importance of Lyten’s Lithium-Sulfur battery in enabling mass-market adoption of electric vehicles and reducing vehicle weight to achieve carbon neutrality goals.
Lyten’s Lithium-Sulfur battery offers an alternative solution to the critically short supply of traditional lithium-ion battery materials for EV manufacturing. The company aims to provide secure and sustainable products to customers while helping auto manufacturers benefit from policy incentives. The initial production of Lyten’s battery, composites, and sensor technologies is taking place at its Silicon Valley campus, with plans to deliver them to specialty markets in 2023. Lyten is also collaborating with strategic investors to decarbonize other carbon-intensive sectors beyond transportation.
