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Lyten plans to invest up to $20 million in the facility next year to convert the facility to produce lithium-sulfur batteries, purchase additional equipment and expand production capacity to 200 megawatt hours per year. , Nov 13, 2024 – (BUSINESS WIRE) – Lyten, the supermaterial applications company and world leader in lithium-sulfur batteries, announced today that it will acquire Cuberg’s San Leandro lithium-metal battery manufacturing facility and cell making equipment. Who are Cuberg’s investors? AE Ventures, Activate Global, CalSEED, California Energy Commission, and Larta Institute are 5 of 14 investors who have invested in Cuberg. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Cuberg is a company delivering lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions.
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