Luxembourg lithium valley energy storage capital

Will Luxembourg Future Fund 2 invest in Lyten?

Luxembourg Future Fund 2 has made an equity investment in Lyten, a Silicon Valley-based clean tech company. The investment in Lyten, the world leader in Lithium-Sulfur battery technology, will support the development of locally sourced, locally manufactured batteries in Europe for the Electric Vehicle (EV), mobility, space and defense industries.

Why did Lyten invest in Luxembourg?

The investment in Lyten follows the signing of a Memorandum of Understanding (MOU) in October 2023 to establish Lyten’s European headquarters in Luxembourg. The investment highlights Luxembourg’s commitment to advancing clean technologies and incorporating them into the European economy.

What is the Luxembourg Future Fund successor?

The Luxembourg Future Fund Successor, launched in 2023 by SNCI together with the European Investment Fund (EIF), has invested approximatively $15.7 million into Lyten.

Is Luxembourg a good place for clean technology innovation?

At the press conference, Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade Xavier Bettel said, “Luxembourg is committed to utilizing its talented workforce, research institutions, and diverse economy to create the ideal environment for clean technology innovation to thrive.