The company will use these funds to fuel its market expansion, scaling up recycling operations across India, and also expanding to new energy transition materials markets in
"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
Lohum claims to have an integrated battery lifecycle management system with end-to-end in-house ecosystem of battery recycling, battery repurposing, transition materials refining, and Cathode active material.
"Battery scrap is a very viable way for India to source the required materials. Lohum has been able to expand into the entire battery lifecycle management with India as a node," said