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At the press conference, Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade Xavier Bettel said, “Luxembourg is committed to utilizing its talented workforce, research institutions, and diverse economy to create the ideal environment for clean technology innovation to thrive.
The investment in Lyten follows the signing of a Memorandum of Understanding (MOU) in October 2023 to establish Lyten's European headquarters in Luxembourg. The investment highlights Luxembourg's commitment to advancing clean technologies and incorporating them into the European economy.
The Luxembourg Future Fund Successor, launched in 2023 by SNCI together with the European Investment Fund (EIF), has invested approximatively $15.7 million into Lyten.
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