Lyten announced it has entered into a binding agreement to acquire Northvolt’s Revolt Ett battery recycling facility in Skellefteå, Sweden, expanding the company’s footprint in Europe’s battery supply chain and strengthening its industrial hub strategy in the region. Financial terms of the transaction were not disclosed.
The acquisition follows Lyten’s recent completion of its purchase of Northvolt Ett and Northvolt Labs on February 27, 2026. By adding the Revolt recycling facility, Lyten plans to integrate recycling capabilities into its growing operations in Skellefteå, creating a vertically integrated battery ecosystem that includes manufacturing, research, and materials recovery.
Revolt is one of Europe’s largest fully integrated battery recycling facilities, with an installed recycling capacity of approximately 8,500 tonnes per year and infrastructure designed to scale further. The plant operates using 100 percent fossil-free energy and is located adjacent to the Lyten Ett gigafactory in Skellefteå. The facility processes key battery materials, including lithium, cobalt, nickel, and manganese.
Lyten said the acquisition aligns with its broader strategy to build a Lyten Industrial Hub at the former Northvolt site in Sweden. The company is currently restarting lithium-ion battery manufacturing at the facility and has also signed an agreement with EdgeConneX to acquire a nearby data center site that could scale to up to 1 gigawatt of capacity, potentially making it one of the largest data center developments in Europe.
The transaction is fully funded by an equity investment in Lyten. The company said it is working through the necessary legal and regulatory approvals in Sweden and expects the acquisition to close in the second quarter of 2026.
Founded in 2015 and headquartered in San Jose, California, Lyten develops lithium-sulfur batteries and advanced 3D graphene materials. The company has raised more than $625 million in equity investment and secured letters of intent for $650 million in financing from the Export-Import Bank of the United States. Its investor base includes companies such as Stellantis, FedEx, and Honeywell, along with institutional investors including European Investment Fund and Luxembourg Future Fund.
Lyten holds more than 550 patents granted or pending and manufactures domestically sourced lithium-sulfur batteries in San Jose for drone, autonomous systems, and defense applications. The company also operates a large battery energy storage manufacturing facility in Gdansk, Poland and continues to expand its product portfolio based on its proprietary 3D graphene materials platform.
KEY QUOTE:
“The Revolt recycling plant is an important piece in enabling Europe’s battery supply chain independence and supports Lyten’s goal of reducing mined mineral content in our batteries. We are currently identifying the right partners to restart and scale recycling operations at the Lyten Industrial Hub in Skellefteå.”
Dan Cook — CEO And Co-Founder, Lyten
