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Lyten

TransportationUSA
✂️ Markdown
Peak $1.29 BillionToday
~-34%
from peak
  1. 🦄
    Became a unicorn
    Jul 2025
  2. 📈
    Peak valuation
    $1.29 Billion ’25
  3. 💔
    Became a Unitard
    Mar 2025
  4. 💸
    Last valuation
    ~$854M
Current status
Private; secondary market implies ~$853M (Jun 2026)

How it happened

Lyten, founded in 2015, is an advanced materials company that produces lithium-sulfur batteries for electric vehicles. The batteries are designed to be different from their lithium-ion counterparts in that they are intended to weigh significantly less and store greater amounts of energy. Last valued near $1.29B (Series B, 2025); on the secondary market its implied valuation slipped below the $1B unicorn line in Mar 2025, and now sits around $853M — roughly 34% below that peak.

Source: Forge Global marketplace (Jun 2026)