Startup Lyten Buys What’s Left of Northvolt in Europe (1)

Lyten Inc., a California startup that develops lithium-sulfur batteries, has agreed to acquire all of the remaining European assets of bankrupt manufacturer Northvolt AB.

The deal includes Northvolt’s flagship factory and a research and development facility, both in Sweden, and the site of a future factory in Germany, according to a statement. The startup said it’s committed to working with the Swedish and German governments to expand facilities at those locations.

A NorthVolt AB Labs research and development center in Sweden.

Photographer: Mikael Sjoberg/Bloomberg

Dan Cook, Lyten’s Chief Executive Officer and co-founder, declined in an interview to disclose the financial details, but confirmed that the company is buying the assets ...