Stellantis Ventures, the company enterprise fund of Stellantis, has invested in Lyten to speed up the commercialisation of Lyten 3D Graphene purposes for the mobility business, together with the LytCell lithium-sulfur EV battery, light-weight composites and novel on-board sensing.
Not like conventional lithium-ion batteries, these lithium-sulfur batteries don’t use nickel, cobalt or manganese, leading to an estimated 60% decrease carbon footprint. Uncooked supplies for lithium-sulfur batteries have the potential to be sourced and produced domestically in North America or Europe.
Stellantis Ventures, powered by an preliminary €300 million in funding, is a key element of the corporate’s Dare Ahead 2030 strategic plan, which units out core targets for it, together with deep emission cuts to slash carbon dioxide in half by 2030, benchmarking the 2021 metrics, and reaching carbon internet zero by 2038 with single-digit proportion compensation of the remaining emissions.
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Dan Prepare dinner, President and CEO, Lyten, stated, “Not like two-dimensional types of graphene, our tunable Lyten 3D Graphene manufacturing has been independently verified to be carbon impartial at scale. We’re changing greenhouse gases into a brand new class of high-performance, high-value carbon supplies and are incorporating these tuned supplies into purposes that can decarbonise the toughest to abate sectors on the planet.”
In line with Carlos Tavares, CEO, Stellantis, Lyten’s supplies platform is a key funding for Stellantis Ventures.
He stated, “Having lately visited Lyten along with our CTO Ned Curic and our head of Stellantis Ventures Adam Bazih, we walked away impressed by the potential of this expertise to assist drive clear, protected and inexpensive mobility.”