The Electric: Scrappy Lyten Sees Survival in Drones and Acquisitions

Last November, European battery developer Northvolt was struggling and looking for a buyer for its state-of-the-art lithium-metal manufacturing subsidiary in Silicon Valley.  

When none of the industry’s big players were interested, battery startup Lyten snapped up the assets, including $25 million in equipment, much of it new, and the lease on the Northvolt’s upscale building.