Lithium-ion battery pack maker Lohum targets 3-fold jump in topline to Rs 300 cr
Lithium-ion battery pack maker and recycling firm Lohum has said it is eyeing a three-fold jump in its topline at over Rs 300 crore this fiscal driven by surging demand.
Lohum To Expand Operations in India, Overseas
Company sees huge growth opportunities in lithium battery recycling beyond India in the US, Europe and ASEAN
We see revenue tripling this year: Rajat Verma, Lohum Cleantech
In an exclusive interview with ETEnergyworld, Founder & CEO Rajat Verma says this growth rate is likely to continue for the next few years, while the company sets up two new facilities in Greater Noida and the US, on the back of improved business sentiment in the battery industry.
Giving Li-ion Batteries a new Lease of Life
India’s LOHUM Cleantech, led by CEO Rajat Verma, revitalizes used EV batteries using innovative reuse technology. By recycling Lithium-ion batteries, they extend battery materials’ lifespan, contributing to sustainability in the automotive industry. Auto Futures recently interviewed Verma about this groundbreaking approach.
Lohum Cleantech to supply 10,000 metric tonne specialty chemicals to Glencore
The partnership will allow both companies to deepen their recycling expertise and support the advancement of a circular economy by supplying raw materials back into the battery supply chain.
Glencore & Lohum partner to produce Lithium for Battery Manufacturing
Lohum, India’s largest lithium-ion battery lifecycle management firm and Glencore, one of the world’s largest globally diversified natural resource company today, announced a strategic partnership to advance circularity in the Li-ion battery supply chain. Under the alliance, Lohum will supply Glencore with 10,000 MT of specialty chemicals for the battery supply chain over the next five years, including cathodes, sulphates, carbonates, and oxides of various metals extracted from spent batteries and other sources.
This entrepreneur wants India to make its own lithium-ion cells for electric vehicle batteries
Rajat Verma already recovers raw materials from used cells at his venture, LOHUM Cleantech. He wants to close the loop by making cells in India as well.