LOHUM powers next-gen li-ion battery mobility & energy solutions, gives batteries multiple lives through reuse technology, and makes battery materials last forever through recycling.
LOHUM creates enhanced customer value through 3 primary technologies:
1) Lithium-ion battery manufacturing: We design and manufacture advanced lithium-ion batteries through proprietary technology and fabrication techniques.
2) Battery reuse or 2nd life solutions for used batteries: We identify healthy batteries through our proprietary cell testing and then reuse those batteries in another application.
3) Battery material recycling to recover valuable materials upon end-of-life: For batteries that cannot be reused, we recycle them to recover value materials such as cobalt, lithium, nickel and graphite. If recycled properly, these materials can be used over and over again without any performance degradation.
LOHUM creates enhanced customer value through 3 primary technologies:
1) Lithium-ion battery manufacturing: We design and manufacture advanced lithium-ion batteries through proprietary technology and fabrication techniques.
2) Battery reuse or 2nd life solutions for used batteries: We identify healthy batteries through our proprietary cell testing and then reuse those batteries in another application.
3) Battery material recycling to recover valuable materials upon end-of-life: For batteries that cannot be reused, we recycle them to recover value materials such as cobalt, lithium, nickel and graphite. If recycled properly, these materials can be used over and over again without any performance degradation.
Location: United States, California, Santa Monica
Employees: 501-1000
Phone: +91 98103 20927
Total raised: $61M
Founded date: 2017
Investors 3
| Date | Name | Website |
| 10.01.2024 | Tracxn Lab... | tracxnlabs... |
| 17.10.2024 | Capella Pa... | capella.vc |
| - | Stride Ven... | stridevent... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 15.03.2024 | Series B | $54M | - |
| 20.01.2021 | Series A | $7M | - |
Mentions in press and media 32
| Date | Title | Description |
| 26.09.2024 | ReElement, American Metals and LOHUM partner on Li-battery materials processing facility with investment north of $30M | ReElement LOHUM MOU initiates a Joint Venture for establishing first fully integrated battery recycling, repurposing, and critical material production facility in US American Resources Corporation (NASDAQ:AREC) We are pleased that ReElement... |
| 02.08.2024 | The Rise of GenAI: Transforming Startups and Industries in India | In the bustling world of technology, a new wave is crashing ashore. Generative AI, or GenAI, is not just a buzzword; it’s a force reshaping the landscape of startups and industries. The recent Tech Horizon event in Delhi, organized by Inc42... |
| 02.08.2024 | 30+ Tech Leaders Convene To Share Insights On How GenAI Is Reshaping Startups & Industries | SUMMARY The second edition of The Tech Horizon, organised by Inc42 and Google Cloud, showcased GenAI’s growth & impact on the Indian startup ecosystem The country is now home to 100+ native GenAI startups, with more than $600 Mn of fund... |
| 06.07.2024 | Debt Funding to Propel the Ecosystem Founded in 2019, Stride Ventures, a venture debt firm has emerged as one of the largest and most active of its kind in India. | Founded in 2019, Stride Ventures, a venture debt firm has emerged as one of the largest and most active of its kind in India. Stride's Managing Partner, Apoorva Sharma's journey as an investor began in 2015 when she realized the immense pot... |
| 04.07.2024 | Lohum Boosts Production with Investment Neilsoft’s ConstructMonitor will remotely monitor construction quality India Pushes $3.3B Coal Equipment Orders Odisha Boosts Renewable Energy Financing | ECONOMY & POLICY Lohum Boosts Production with Investment 04 Jul 2024 3 Min Read CW Team Lohum, a leading energy storage solutions provider, is set to significantly enhance its production capacity to 30 GWh with a substantial ?1200 crore... |
| 02.07.2024 | Innovations That Are Driving Funds Into The Recycling Sector With its rapidly growing population, burgeoning cities, and rising economy, India faces significant challenges in managing its waste, espec... | With its rapidly growing population, burgeoning cities, and rising economy, India faces significant challenges in managing its waste, especially from its urban centers. As urbanization intensifies in the country, so does the generation of w... |
| 25.04.2024 | E-Waste Start-ups Capitalizing On EV Battery Recycling Lohum Cleantech's over 50% revenues are already derived from the EV battery recycling vertical spanning both domestic and international markets. | - |
| 12.04.2024 | Deals in brief: 9Basil acquires AlteriQ Global, Empower buys Philippine-based Cashalo, Taiwania Capital invests in TransferGo, and more | 9Basil Group acquires AlteriQ Global 9Basil Group, a Thailand-based alternative investments firm, has acquired AlteriQ Global, a private credit financier based in Singapore, for an undisclosed sum. The deal notably entails a USD 50 million ... |
| 10.04.2024 | Singularity Growth Invests In Lohum, Akshayakalpa, 3 Other Companies From Second Fund | SUMMARY Singularity Growth said it has invested INR 400 Cr in five companies, along with a commitment of an undisclosed investment in another company, from its second fund Besides Lohum and Akshayakalpa, the PE firm has invested in Classic ... |
| 29.03.2024 | ETtech Deals Digest: Startup funding in March falls 37% to $623 million | ETtech Technology startups logged a total funding value of about $622.5 million in March 2024, down 37% from the same month a year ago. Startups across stages, mostly early and late, raised the funds across 63 rounds. In March last year, th... |
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