HomeInvestment & Trading ›Stellantis Invests in Lyten’s Lithium-Sulfur EV Battery Technology

Stellantis Invests in Lyten’s Lithium-Sulfur EV Battery Technology

Stellantis N.V. and Lyten, Inc. announced that Stellantis Ventures, the corporate venture fund of Stellantis, invested in Lyten to accelerate the commercialization of Lyten 3D Graphene™ applications for the mobility industry, including the LytCell™ Lithium-Sulfur EV battery, lightweighting composites, and novel on-board sensing.

May 29, 2023. By News Bureau

Stellantis N.V. and Lyten, Inc. announced that Stellantis Ventures, the corporate venture fund of Stellantis, invested in Lyten to accelerate the commercialization of Lyten 3D Graphene™ applications for the mobility industry, including the LytCell™ Lithium-Sulfur EV battery, lightweighting composites, and novel on-board sensing.
 

Lyten, a pioneer of three- dimensional (3D) Graphene, will leverage the unique tunability of the material to enable enhanced vehicle performance and customer experience while decarbonizing the transportation sector.

Lyten’s tunable materials platform has demonstrated significant reductions in greenhouse gas emissions and will advance the transition to sustainable mobility.

Unlike traditional lithium-ion batteries, Lyten’s Lithium-Sulfur batteries do not use nickel, cobalt, or manganese, resulting in an estimated 60% lower carbon footprint than today’s best-in-class batteries and a pathway to achieve the lowest emissions EV battery on the global market.

Raw materials for Lithium-Sulfur batteries have the potential to be sourced and produced locally, in North America or Europe, enhancing regional supply sovereignty. This technology will meet the needs of industries seeking lightweight and energy-dense batteries that are free from supply chain disruptions.

“We are delighted that Stellantis Ventures, as the venture investment arm of a global automotive innovator, has demonstrated a strong belief in our company and our Lyten 3D Graphene™ decarbonizing supermaterials,” said Dan Cook, president and CEO of Lyten. “Among the automotive product innovations being transformed by Lyten 3D Graphene™ are Lithium-Sulfur batteries with the potential to deliver more than twice the energy density of lithium-ion, payload-improving lightweighted vehicle composites, and new modes of sensing that do not require chips, batteries or wires. We are committed to advancing each of these applications to Stellantis and the automotive market.”

“Having recently visited Lyten together with our CTO Ned Curic and our head of Stellantis Ventures, Adam Bazih, we walked away impressed by the potential of this technology to help drive clean, safe and affordable mobility,” said Carlos Tavares, Stellantis CEO. “Lyten’s materials platform is a key investment for Stellantis Ventures, in line with our Dare Forward 2030 goal to accelerate deployment of innovative, customer-centric technologies. Specifically, Lyten’s Lithium-Sulfur battery has the potential to be a key ingredient in enabling mass-market EV adoption globally, and their material technology is equally well positioned to help reduce vehicle weight, which is all necessary for our industry to achieve carbon net zero goals.”

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