Lyten Eyes Financial Support for Northvolt Post-Acquisition
Lyten, after acquiring Northvolt, is seeking EU financial support and plans to discuss further funding with Sweden.
Key Points
- • Lyten acquired Northvolt and seeks EU financial support.
- • CEO Dan Cook is exploring funding partnerships.
- • Future discussions with the Swedish government may occur for additional aid.
- • Announcement made during a press conference in Skellefteå.
Lyten, the new owner of Northvolt, is actively seeking financial support from the European Union and potentially the Swedish government to stabilize the company following its acquisition. In a press conference held on August 11, 2025, in Skellefteå, Dan Cook, CEO of Lyten, expressed his excitement about the acquisition, describing it as the most thrilling week of his career. Cook indicated that discussions with several partners are underway to explore viable funding opportunities from the EU to ensure Northvolt's successful transition under Lyten's ownership. Moreover, he hinted at prospects for seeking further financial aid from the Swedish government as the company progresses. This move signals a strategic approach by Lyten to solidify Northvolt's position in the green tech sector after the acquisition.