Lyten to Buy Northvolt Assets with $200 Million for BESS Push in Europe

Lyten to buy Northvolt assets with $200 million for BESS push in Europe

Lyten has raised an additional $200 million to accelerate its efforts to become a main player in Europe for its battery energy storage systems (BESS), following its earlier acquisition of a plant in Gdansk, Poland.From ESS News US battery manufacturer Lyten has raised more than $200 million in equity financing to support its expansion into European BESS. The company is acquiring Northvolt’s former energy storage product line, including the Voltp…

Lyten Raises $200 Million to Fund Acquisitions of Northvolt Battery Assets

Advanced materials company Lyten announced that it has raised $200 million in equity investments aimed at supporting its acquisition strategy, as the company continues to acquire assets from bankrupt EV battery company Northvolt. In addition to the capital raise, Lyten also announced the acquisition of Northvolt’s Battery Energy Storage System (BESS) product portfolio in Stockholm, […]

Lyten Secures More than $200 Million in Investment to Fund Northvolt Deal

The US-based lithium-sulfur batteries developer Lyten has secured more than $200 million in additional equity investment. This brings total investment to date in Lyten to more than $625 million.The post Lyten Secures More than $200 Million in Investment to Fund Northvolt Deal appeared first on Electric Cars Report.