Prime Movers Lab Rundown: Lyten Raises $200M; Mycoworks Opens the World’s First Commercial-Scale Fine Mycelium Plant

Prime Movers Lab’s portfolio companies took critical steps in September to commercialize their breakthroughs and several raised new capital, including Lyten, which raised a $200 million Series B round. In other exciting news, Mycoworks began production at its new facility in South Carolina that could grow millions of square feet of the company’s leather alternative. Check out these headlines and more from our portfolio companies, including exciting news from CarbonCapture, Tarana Wireless, and Pyka:

TechCrunch: Lyten is the latest EV battery startup to score hundreds of millions (Lyten)

Supply Chain Dive: MycoWorks begins production of mushroom biofiber at new South Carolina facility (Mycoworks)

Fierce Wireless: Tarana’s gigabit FWA ambitions backed by $50M funding round (Tarana Wirless)

Business Wire: Direct Air Capture Company CarbonCapture Inc. Announces Equity Investment from Amazon’s Climate Pledge Fund (CarbonCapture Inc.)

Forbes: Pyka And Dole Achieve Milestone In Sustainable Banana Protection (Pyka)

Canary Media: Is graphene a cleantech supermaterial? This startup thinks so

Fox News: Supersonic jet set to offer 3.5 hour flight from NYC to London (Boom Supersonic)

Triad Business Journal: Boom Supersonic factory a bit ahead of schedule and test flights coming soon, CEO says (Boom Supersonic)

Prime Movers Lab invests in breakthrough scientific startups founded by Prime Movers, the inventors who transform billions of lives. We invest in companies reinventing energy, transportation, infrastructure, manufacturing, human augmentation, and agriculture.

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