Lyten Accelerates Global Expansion with Over $200 Million Investment and Strategic Northvolt Acquisitions

Lyten Secures Major Funding to Drive Growth in Battery Technology

The innovative American lithium-sulfur (Li-S) battery developer, Lyten, has garnered a significant boost in its expansion drive, successfully raising over $200 million in additional equity investments. With this latest round of funding, Lyten’s total capital raised now exceeds an impressive $625 million. The majority of this fresh capital comes from current stakeholders, reflecting strong investor confidence in the company’s vision and market potential.

Strategic Acquisitions of Northvolt’s Energy Storage Assets

Leveraging its new financial strength, Lyten is set to accelerate its growth strategies across both the United States and Europe. The company has recently announced the acquisition of the rights to several energy storage products from Northvolt, a key player in European battery technology. The acquired portfolio includes Northvolt’s Voltpack Mobile Systems (VMS), Voltrack, and a suite of future Battery Energy Storage System (BESS) solutions currently under development. These are Lyten’s third major acquisitions involving Northvolt since November 2024, underlining a robust expansion plan.

The VMS solution, now in its third generation, has already seen widespread deployment in various commercial applications across Europe, making it a proven asset in the field of modular and scalable battery systems.

Integrating Top Talent and Manufacturing Expertise

In the wake of these acquisitions, Lyten is set to welcome the core members of Northvolt’s renowned energy storage engineering team at its Stockholm, Sweden location. Meanwhile, manufacturing of the VMS and upcoming BESS products will be centered in Gdansk, Poland, a hub for advanced battery production.

Earlier announcements by Lyten detailed the acquisition of Northvolt’s Cuberg battery manufacturing facility in California and plans to take over Northvolt Dwa—the largest BESS manufacturing site in Europe, also based in Gdansk. The integration of these assets places Lyten at the forefront of next-generation battery innovation for the automotive and energy markets.

Vehicle Applications and Battery Performance

Lyten’s lithium-sulfur battery technology offers a leap forward for electric vehicles (EVs), delivering higher energy density, improved safety, and potentially lower weight compared to current lithium-ion alternatives. This makes Lyten’s batteries particularly valuable for a spectrum of automotive applications, from passenger EVs and commercial vehicles to emerging segments such as drone logistics, defense vehicles, and AI-enabled autonomous transport.

The Voltpack Mobile Systems and Voltrack platforms further expand Lyten’s presence in modular, high-performance battery solutions suited for grid-scale energy storage, rapid deployment at data centers, and integration in smart mobility infrastructure—emphasizing robust specifications and reliable performance.

Market Positioning and Global Impact

“Demand for Lyten’s batteries is surging, especially among sectors seeking supply chain independence from Asia,” said Dan Cook, Lyten CEO and Co-Founder. The new investments will rapidly scale manufacturing and onboard top engineering talent across the US and European markets, supporting key areas such as energy security, national defense, AI data centers, and automotive electrification.

According to Zia Huque, General Partner at Prime Movers Lab, Lyten’s unique expertise in private equity and acquisitions underpins its ability to quickly scale manufacturing—a crucial competitive edge as worldwide demand for advanced batteries continues to grow.

Once the acquisition of the Northvolt Dwa facility is complete, Lyten aims to restart BESS production in Gdansk swiftly, with initial deliveries scheduled for Q4 2025. The initial customer focus will be on Europe, with plans for global expansion across industries spanning electric vehicles, industrial machinery, commercial facilities, and high-growth AI data centers.

Industry Comparisons and Future Outlook

With substantial investment and strategic acquisitions, Lyten is setting benchmarks against industry giants such as CATL and LG Energy Solution, while maintaining a clear emphasis on innovative lithium-sulfur chemistry. The company’s approach promises to deliver exceptional performance, durability, and sustainability for automotive manufacturers and mobility solution providers worldwide.

As the transaction for Northvolt Dwa in Poland and Northvolt System’s BESS product portfolio in Sweden is expected to conclude in Q3 2025, Lyten is well-positioned to become a powerhouse in the global EV battery sector and a key enabler for the next generation of smart, sustainable vehicles.