Decarbonize Hard-to-Abate Sectors

Advanced technology company Lyten announced today that it has raised $200 million, with proceeds from the financing aimed at scaling the production of a series of new products, providing decarbonization solutions for some of the largest greenhouse gas-emitting sectors, based on its 3D graphene supermaterials.

Founded in 2015, California-based Lyten develops applications utilizing its 3D graphene for the decarbonization of some of the hardest-to-abate sectors. 2D graphene is a single-layer sheet of carbon atoms with properties including being stronger than steel, having greater flexibility than rubber, more electrically conducive than copper, and ultralight weight. Lyten’s 3D graphene enables the supermaterial to be commercialized, by enabling its properties to be infused into other materials.

The new product lines to be supported by the financing include next-gen lithium-sulfur batteries with a low carbon footprint and without the use of nickel, cobalt, manganese, and graphite, lightweight composites that can reduce the amount of plastic used by up to half while maintaining structural and impact strength for applications including automotive, aviation, and industrials, and advanced sensor arrays for improved detection in automotive, industrial, health, and safety applications.