Lohum Cleantech Private Limited Asset Profile

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Year established

2018

Location

Uttar Pradesh India

Primary Industry

Energy Storage & Batteries

About

Based in Noida, India, and founded in 2018 by CEO Rajat Verma, and Justin Lemmon, Lohum Cleantech Private Limited, a.k.a. Lohum operates as a battery pack manufacturer that focuses on providing lithium-ion batteries for two-wheelers and three-wheeler electric vehicles. The company also recycles Li-ion batteries by extracting raw materials, such as manganese, cobalt, and nickel from used batteries for reuse. In January 2021, Lohum Cleantech Private Limited raised INR 510 million in venture funding led by new investor Baring Private Equity Partners (India), with participation from another new investor Talbros Automotive Components Ltd. The company’s product line includes electric vehicle batteries for 2-wheelers, as well as 3-wheelers, and L5, with customized power output between 1 KWh to 3 KWh, and 2.5 KWh to 10 KWh, respectively. Lohum also offers a range of customized Lithium-ion ESS products that synergize with renewables, microgrids, and behind-the-meter applications. In addition, the firm recovers a wide range of lithium-ion batteries’ raw materials like cobalt, NMC, lithium carbonate, cobalt carbonate hydrate, nickel carbonate hydrate, lithium phosphate, cobalt metal flakes, cobalt sulfate, nickel sulfate, and more via Metelec™, a recycling technology to recirculate them into the battery ecosystem. Additionally, Lohum offers a real-time pricing system to get instant salvage value based on battery data discoverable through its BMS-linked APP and software APIs.

Current Investors

Baring Private Equity Partners (India), Talbros Automotive Components Ltd., Ventureast

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Primary Industry

Energy Storage & Batteries

Sub Industries

Energy Storage & Batteries, Recycling, Application Integration Software

Website

www.lohum.com

Verticals

Clean Technology, Electric & Hybrid Vehicles, Manufacturing, Mobile Apps

Company Stage

Series B

Total Amount Raised

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