Tag: Prime Movers Lab

Lyten gets $650 million in US EXIM letters of interest to fund lithium-sulfur battery expansion

Posted by Kevin Jost | Dec 18, 2024 | Batteries, Business Development, Electrification, Startups

Multiple letters of interest from the Export-Import Bank of the United States could lead to financing the scaling of Lyten’s Nevada and California (formerly Northvolt) factories to fulfill growing near-term customer demand in energy storage, micromobility, and space markets.

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Venus Aerospace aims for hypersonic with detonation ramjet engine

Posted by Kevin Jost | Oct 10, 2024 | Aerospace, Business Development, Startups, Vehicles

The VDR2 combines the high thrust and efficiency of a rotating detonation rocket engine with the high-efficiency cruise of a ramjet, offering a single engine from take-off to as fast as Mach 6, with a streamlined airflow design for low drag that eliminates the need for complex mechanical components.

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