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Lyten Inks $200M Oversubscribed Series B Round

SAN JOSE, CA, Lyten, a pioneer in 3D graphene decarbonizing supermaterials, today announced it has raised $200 million as part of its over-subscribed Series B funding round.
Lyten today announced it has raised $200 million as part of its over-subscribed Series B funding round to scale manufacturing and commercialize its first three product lines: Lithium-Sulfur batteries, lightweighted composites, and next generation IoT sensors.

The round is led by Prime Movers Lab, a venture capital firm focused on investments in breakthrough scientific startups and has $1.2B in assets under management. Prime Movers Lab is joined with significant participation from strategic investors and sector leaders Stellantis (previously announced), FedEx Corporation, Honeywell, and Walbridge Aldinger Company. Additional strategic, venture capital and individual investors make up the remainder of the round.

Lyten is an advanced technology company and pioneer in 3D graphene supermaterials. Lyten's decarbonization supermaterials are being tuned for a wide range of applications, including the next-generation Lithium-Sulfur batteries for use in the automotive, aerospace, defense, and other markets; a next-generation polymer composite that can reduce the amount of plastic used by up to half while maintaining structural and impact strength; and next-generation sensor arrays that significantly increase detection sensitivity and selectivity for use in automotive, industrial, health, and safety applications. Lyten, founded in 2015, is led by a group of experienced executives from across Automotive, Energy, Batteries, Semiconductors, Manufacturing and Defense sectors; lists more than 350 patent matters; and is currently manufacturing Lyten 3D Graphene™ material, as well as its high-value applications, at its headquarters in San Jose, Calif.
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