LOHUM and Vecmocon partner to accelerate EV battery adoption and enable easy financing
Through a combined offering of an AI-powered battery management system (BMS), and vehicle intelligence module, Vecmocon and LOHUM plan to power over 100,000 batteries in the next two years.
LOHUM, a producer of sustainable energy transition materials and Vecmocon, an Indian EV intelligence company backed by Tiger Global & Blume Ventures, have joined forces to revolutionise the lifecycle management of electric vehicle batteries.
This strategic partnership aims to accelerate the widespread adoption of EVs by combining the pioneering battery testing technology of LOHUM and battery intelligence and real-time data monitoring capabilities of Vecmocon.
The partnership's technological collaboration will make batteries safer, more reliable, and long-lasting, powered by cutting-edge battery analytics, as per a company press release.
Vecmocon will integrate its crucial data attributes collected in real-time, powered by Machine Learning algorithms, with LOHUM’s data systems, sharing important battery parameters collected through Vecmocon's i-VEC drive offering.
LOHUM's pioneering expertise in battery secod life is powered by advanced algorithms and testing technologies that estimate the remaining useful life (RUL) of batteries.
Through a combined offering of an AI-powered battery management system (BMS), and vehicle intelligence module, Vecmocon and LOHUM plan to power over 100,000 batteries in the next two years, said Peeyush Asati, Founder
and CEO, Vecmocon.
"Vecmocon’s mission of making EVs intelligent & safe via its cutting-edge technology by harnessing the power of advanced battery analytics significantly aligns with our core capabilities of enabling 2nd life use of batteries. Together, we will contribute to a closed loop circular economy and create a more sustainable ecosystem for electric vehicles in India," said Rajat Verma, Founder and CEO, LOHUM.
The state-of-the-art facility uses environmentally friendly processes and has the capacity to disassemble 15,000 end-of-...
Operating revenues surge by 336.62% in FY23.