Funding and M&A Roundup: Lyten Acquires Battery Manufacturing Assets from Cuberg

Sympower raises $23 million in series B1 funding

November 20, 2024

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Lyten, a lithium-sulfur battery developer, announced the acquisition of a lithium-metal battery manufacturing facility and cell-making equipment in San Leandro, California, from Cuberg, a battery manufacturer owned by Northvolt. Lyten will lease Cuberg’s 119,000-square-foot facility, which includes manufacturing, office, and warehouse space. It will also acquire battery cell development and manufacturing equipment and make additional equipment investments to expand the facility’s capacity.

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