Lyten Acquires Northvolt's BESS Product Portfolio
July 28, 2025
Lyten announced it has secured more than $200 million in additional equity (primarily from existing investors) and acquired the rights to Northvolt's Battery Energy Storage System (BESS) product portfolio, including Voltpack Mobile Systems (VMS) and Voltrack. Core members of Northvolt's energy storage engineering team will join Lyten in Stockholm, and Lyten plans to manufacture VMS and future BESS products in Gdansk, Poland with production targeted for Q4 2025.
- Buyers
- Lyten
- Targets
- Northvolt Systems' BESS product portfolio (Voltpack Mobile Systems (VMS), Voltrack)
- Sellers
- Northvolt Systems
- Industry
- Renewable Energy
- Location
- Stockholm County, Sweden
- Transaction Type
- Divestiture
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