Funds Over $200 Million Collected for Enhancing Acquisition Tactics (Lyten)
Lyten, a leading innovator in lithium-sulfur battery technology, is aggressively expanding its operations to meet the growing demand for battery energy storage systems (BESS) and electric vehicle (EV) applications in the U.S., Europe, and global markets.
European Expansion
On July 1, 2025, Lyten announced its plans to acquire Northvolt Dwa, the largest BESS manufacturing facility in Europe, located in Gdansk, Poland. The acquisition, anticipated to close in the third quarter of 2025, will position Lyten to rapidly enter and scale in the European BESS market [1][3].
In addition, Lyten acquired Northvolt’s energy storage product portfolio based in Stockholm, Sweden, including Voltpack Mobile Systems (VMS) and Voltrack, along with future BESS products in development. Core Northvolt energy storage engineers are joining Lyten’s team in Stockholm [5]. Production of these energy storage systems will restart immediately in Gdansk after the acquisition closes, targeting product deliveries starting Q4 2025 [5].
The Polish facility has a capacity of 6 GWh annually, potentially scalable to 10 GWh. Lyten aims to ramp up output from several hundred MWh next year with exponential growth thereafter to meet European and global demand [3].
U.S. Operations and Expansion
Lyten operates an automated pilot production line in San Jose, California, which opened in May 2023. This line shipped pouch-type lithium-sulfur EV battery samples to U.S. and European automakers starting May 2024, including partners such as Stellantis [2][4].
The company is reorganizing its manufacturing and development teams with a sector focus to immediately scale production for drone, defense, and BESS applications, while advancing space and automotive markets medium-term [1].
Lyten secured more than $200 million in additional equity funding in July 2025, totaling over $625 million to date, to accelerate its acquisition strategy and scaling efforts in both U.S. and European markets [5].
Global Market Strategy
Lyten aims to be a global leader in lithium-sulfur batteries, targeting stationary power, defense, EV, AI data center infrastructure, and grid storage markets globally. The acquisition of Northvolt assets enables rapid scale-up and immediate access to existing European customers while planning expansion to global industrial and commercial energy storage markets [1][4][5].
Lithium-sulfur battery technology offers advantages in cost, weight, and supply chain security compared to conventional lithium-ion batteries, important for EVs and energy storage systems [2].
Notable Quotes
David Ku, a Lyten investor and former Microsoft Corporate Vice President of AI, believes that success in AI is determined by the ability to deliver abundant, reliable power. He emphasizes that battery energy storage is a critical piece of AI data center infrastructure [6].
Zia Huque, an investor in Lyten and General Partner at Prime Movers Lab, is impressed by Lyten’s ability to grow through acquisitions. He states that Lyten’s efficiency in scaling manufacturing capacity is critical for it to meet the rapidly growing demand for its products [7].
Dan Cook, Lyten’s CEO and Co-Founder, expressed his satisfaction with Lyten’s expansion strategy [8]. Lyten holds over 540 patents related to its proprietary 3D Graphene material [9]. Product deliveries from the restarted BESS manufacturing are expected to commence in Q4 2025 [9].
Lyten is committed to providing non-Chinese supply chain battery solutions for various applications, making it an attractive choice for markets seeking battery solutions independent of Chinese supply chains [10]. The unique combination of Lyten’s technology and its leadership team’s experience in private equity sets it apart in the battery industry [7].
In summary, Lyten is executing a clear growth strategy by acquiring key European manufacturing and engineering assets from Northvolt, expanding U.S. pilot production, securing substantial investment, and targeting rapid scale-up of lithium-sulfur batteries for diverse markets worldwide starting in late 2025 [1][3][4][5].
- With the acquisition of Northvolt's energy storage product portfolio in Stockholm, Sweden, Lyten has now entered the private equity landscape of the finance industry, investing in technologies like Voltpack Mobile Systems (VMS) and Voltrack for energy storage solutions.
- As Lyten expands its operations in the United States, Europe, and global markets, it is focusing on various sectors such as energy, technology, defense, and electric vehicles (EV), aiming tobecome a global leader in lithium-sulfur battery technology for diverse applications like AI data centers, grid storage, and EV batteries.
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