Follow us
Lohum secures Rs 450 crore in Series B funding
"The funds will expedite our international expansion, enable us to hire top professionals from talent pools in India," said Lohum's founder and CEO.
5484 Views
Lohum, a battery recycling, raw material refining, and battery repurposing firm, has raised USD 54 Million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners, and Venture East, amongst other new and existing venture firms.
The firm will use the funds for market operations, besides expanding the scope of operations in North America, the EU, the Middle East, Africa, and Asia.
"The funds will expedite our international expansion, enable us to hire top professionals from talent pools in India, expand our strength, and provide fresh tailwinds to our industry-leading R&D innovation centre," said Rajat Verma, Founder and CEO of LOHUM.
"We have seen the company evolve from just being a second-life company to a full-scale material manufacturer, around materials like Nickel, Cobalt, and Pre-CAM materials," said Yash Kela, Chief Investment Officer, Singularity Growth.
He further added that Lohum's ability to expand into the entire battery lifecycle management with India as a node is 'impressive'.
RELATED ARTICLES
Castrol India Q32026 Net Profit Drops 23% to Rs 176 Crore as Input Costs Surge
Dev Vadchhedia
24 Oct 2026
The lubricants maker recorded 27 percent revenue growth, but raw material inflation and currency headwinds pressed profi...
Paradeep Parivahan Secures 10-Year EV Heavy Haulage Contract From JSW Group
Autocar Professional Bureau
24 Oct 2026
The logistics provider will deploy 100 electric trucks for industrial transport across Andhra Pradesh and Karnataka.
Ursaa Energyworx Launches Ursaa Hybrid Platform for Fleet Operations and Battery Data
Shruti Shiraguppi
24 Oct 2026
Ursaa Hybrid links vehicle movement and utilisation data with battery performance, charging activity and route execution...
