2023-05-28 22:12:39
Stellantis Ventures, Stellantis’ corporate venture fund, has invested in Lyten to accelerate the commercialization of Lyten 3D Graphene applications for the mobility industry, including the LytCell Lithium-Sulfur battery for electric vehicles, lightweight compounds and the novel detection on board.
Lyten, a pioneer in three-dimensional (3D) Graphene, will take advantage of the material’s unique tunability to improve vehicle performance, while decarbonizing the transportation sector.
Unlike traditional lithium-ion batteries, Lyten’s Lithium-Sulfur batteries are nickel-free, cobalt-free, and manganese-free, resulting in an estimated 60% lower carbon footprint than today’s best batteries and a pathway to achieving the lowest emission EV battery on the global market.
Raw materials for Lithium-Sulfur batteries can be sourced and produced locally in North America and Europe, enhancing regional supply sovereignty. This technology will meet the needs of industries seeking lightweight, energy-dense batteries that do not experience supply chain disruptions.
With traditional lithium-ion battery materials in critical shortage for electric vehicle manufacturing, Lyten’s Lithium-Sulfur battery will offer an alternative nickel-manganese-cobalt-free cathode solution that will support the global transition to electric vehicles on a mass market scale. Lyten’s goal is to provide a secure supply of performance-based and environmentally sustainable products, while allowing automakers to take advantage of growing US and European policy incentives, such as those in the Inflation Reduction Act.
Lyten’s Lithium-Sulfur battery, composite materials and sensor technologies are initially being produced at its 150,000+ square foot Silicon Valley campus. In addition to producing EV batteries, Lyten is working with previous customers to start delivering Lithium-Sulfur batteries and 3D graphene-infused composites to niche markets in 2023.
Lyten is collaborating with its strategic investors from multiple sectors to apply Lyten’s 3D graphene materials to the decarbonization of other carbon-intensive sectors beyond transportation, with further announcements expected later this year.
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