What is Lohum?
Based in Noida, India, Lohum operates at the intersection of sustainability and industrial innovation. The company specializes in comprehensive e-waste management and clean technology solutions, primarily focusing on the circular economy of lithium-ion batteries. By developing advanced processes for battery recycling and material recovery, Lohum addresses the critical environmental and supply chain challenges associated with the global transition to electric mobility and renewable energy storage. Their market position is defined by a commitment to resource efficiency, enabling the recovery of high-value materials that are essential for the next generation of energy storage systems.
How much funding has Lohum raised?
Lohum has raised a total of $61M across 2 funding rounds:
Private Equity
$7M
Series B
$54M
Private Equity (2021): $7M with participation from Baring Private Equity Partners
Series B (2024): $54M led by Stride Ventures, Ventureast, and Baring Private Equity
Key Investors in Lohum
Stride Ventures
A New Delhi-based venture capital firm established in 2019 that focuses on providing debt and equity financing to innovative, high-growth startups across India.
Ventureast
One of India's longest-standing venture capital firms, specializing in early-stage investments across deeptech, software, and B2B sectors with a focus on long-term value creation.
Baring Private Equity
A seasoned private equity firm active in India since 1998, known for its disciplined investment approach and focus on organizational support to drive superior risk-adjusted returns.
What's next for Lohum?
With this major strategic investment, Lohum is well-positioned to accelerate its operational footprint and enhance its technological infrastructure. The capital will likely be deployed to scale recycling capacity, optimize material recovery yields, and expand its reach within the global battery supply chain. As the demand for sustainable energy solutions continues to surge, Lohum's focus on closing the loop in battery manufacturing provides a competitive moat. Future strategic initiatives will likely involve deepening partnerships with automotive OEMs and energy storage providers to solidify its role as a critical enabler of the green energy transition.
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