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.
By Autocar Professional Bureau
4419 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
Carraro India Expects Sales to Grow by 8–12% in FY26, Led by Strong Domestic Demand
Darshan Nakhwa
27 May 2025
Buoyed by domestic demand and new projects in engineering services, Carraro India targets up to 12% revenue growth in FY...
Bosch Limited Reports Strong Q4 FY25 Performance with Net Profit of Rs 554 Crores
Sarthak Mahajan
27 May 2025
Bosch Limited closes FY25 on a high note with strong quarterly and annual performance, driven by operational efficiency,...
Terra Motors Eyes Africa Return, Southern Expansion with New Bengaluru Plant
Yukta Mudgal
27 May 2025
Terra Motors plans to restart exports to key African markets including Ethiopia, Tanzania, and Nigeria after disruptions...
