Lyten has announced it has secured more than $200 million in additional equity investment. This brings total investment to date in Lyten to more than $625 million. The additional investment is provided primarily from current investors. Lyten intends to accelerate its acquisition strategy and expansion plans in both the US and Europe with the additional capital.
Additionally, Lyten announced it has acquired the rights to Northvolt’s energy storage products, Voltpack Mobile Systems (VMS), Voltrack, and future BESS products currently in development. This is Lyten’s third Northvolt-related acquisition since November 2024. The VMS product is already in its third generation, with commercial installations throughout Europe. The core members of Northvolt’s energy storage engineering team will be joining Lyten in Stockholm, Sweden, and VMS and future BESS products will be manufactured in Gdansk, Poland.
Lyten has announced it has secured more than $200 million in additional equity investment. This brings total investment to date in Lyten to more than $625 million. The additional investment is provided primarily from current investors. Lyten intends to accelerate its acquisition strategy and expansion plans in both the US and Europe with the additional capital.Additionally, Lyten announced it has acquired the rights to Northvolt’s energy storage products, Voltpack Mobile Systems (VMS), Voltrack, and future BESS products currently in development. This is Lyten’s third Northvolt-related acquisition since November 2024. The VMS product is already in its third generation, with commercial installations throughout Europe. The core members of Northvolt’s energy storage engineering team will be joining Lyten in Stockholm, Sweden, and VMS and future BESS products will be manufactured in Gdansk, Poland.
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