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Lohum

lohum.com

Stage

Private Equity | Alive

Total Raised

$7M

Last Raised

$7M | 2 yrs ago

About Lohum

Lohum manufactures lithium-ion battery packs and recovers critical battery materials from used lithium-ion batteries through recycling.

Headquarters Location

G-98, Site 5, Kasna

Greater Noida, 201 310,

India

+91 63975 10047

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Expert Collections containing Lohum

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Lohum is included in 1 Expert Collection, including Energy Storage.

E

Energy Storage

1,194 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.

Latest Lohum News

Lohum Cleantech to supply 10,000 metric tonne specialty chemicals to Glencore

Sep 29, 2022

1 min read . Updated: 29 Sep 2022, 02:59 PM IST Saurav Anand The partnership will allow both companies to deepen their recycling expertise and support the advancement of a circular economy by supplying raw materials back into the battery supply chain Listen to this article New Delhi: Lohum, a lithium-ion battery lifecycle management firm, and Glencore, a natural resource company, on Thursday announced strategic partnership to advance circularity in the Li-ion battery supply chain. As part of this tie-up, Lohum will supply Glencore with 10,000 tonne of specialty chemicals for the battery supply chain over the next five years, including cathodes, sulphates, carbonates, and oxides of various metals extracted from spent batteries and other sources, a company release said. Lohum and Glencore share a vision to further the energy transition and recognise the need to sustainably address the growing commodities demand for Li-ion batteries. The global partnership will allow both companies to deepen their recycling expertise and support the advancement of a circular economy by supplying raw materials back into the battery supply chain, it said. Announcing this partnership, Rajat Verma, founder & CEO of Lohum, said, “At Lohum, we recognise that lithium carbonate extraction through recycling consumes significantly fewer resources than conventional mining. Our partnership with Glencore underpins our global commitment to expanding the availability of existing battery resources through recycling. Our energy-efficient recycling technologies lend us a strong differentiation from most companies and showcase our unique efforts and capabilities in extracting specialty chemicals from spent Li-ion batteries.“ “This major development will directly boost India’s battery industry and energy security, leading to large scale value creation in employment, domestic ecosystem growth, and import savings on LIB raw materials," he added. An expanding focus on Li-ion battery recycling is inevitable to meet the burgeoning raw material demand, especially in view of growing EV adoption. The multi-million-dollar association between Glencore and Lohum is in complete alignment with the government’s vision of scaling up the sector. By re-imagining how the lithium ion industry would be indigenous in India, Lohum seeks to establish an ecosystem. This partnership will lessen India’s reliance on other countries, which will eventually result in lower battery prices, allowing the entire country to quickly transition to sustainable energy storage. Jyothish George, co-head of marketing Zinc and Copper, Glencore , said, “We are excited to partner with a key player of India’s green economy. Our focus on a greener future is aligned and supports Glencore’s ambition to reach net-zero carbon emissions by 2050. Part of our approach is to seamlessly combine primary as well as recycled feed streams to provide the critical metals needed for the transition to a low carbon future. Our partnership with Lohum fully complements these goals."

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Lohum Frequently Asked Questions (FAQ)

  • Where is Lohum's headquarters?

    Lohum's headquarters is located at G-98, Site 5, Kasna, Greater Noida.

  • What is Lohum's latest funding round?

    Lohum's latest funding round is Private Equity.

  • How much did Lohum raise?

    Lohum raised a total of $7M.

  • Who are the investors of Lohum?

    Investors of Lohum include Baring Private Equity Partners.

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