Ajay Kumar: Creating a new article

2023-08-26T18:55:27Z

Creating a new article

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{{Orphan|date=August 2023}}

{{Infobox company
| name = Lohum
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| type = Private
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| founded = 2018
| founders = Rajat Verma
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| hq_location_city = [[Noida]]
| hq_location_country = India
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| area_served = India, USA, Europe, Middle-East, East Asia, and South-East Asia
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| products = [[Lithium-ion batteries]]
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| website = https://lohum.com
}}
'''Lohum''' is an Indian battery developer and manufacturer, specialising in lithium-ion technology for [[electric vehicles]]. The company headquartered in [[Noida]], [[Uttar Pradesh]].<ref name="Forbes">{{cite web |title=This Entrepreneur Wants India To Make Its Own Lithium-ion Cells For Electric Vehicle Batteries |url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/this-entrepreneur-wants-india-to-make-its-own-lithiumion-cells-for-electric-vehicle-batteries/67077/1 |website=Forbes India |language=en}}</ref><ref>{{cite web |title=India can become a global lithium supply chain leader without even producing it: Lohum |url=https://timesofindia.indiatimes.com/auto/policy-and-industry/india-can-become-a-global-lithium-supply-chain-leader-without-even-producing-it-lohum/articleshow/98514156.cms |website=The Times of India |date=10 March 2023}}</ref><ref>{{cite web |last1=Reed |first1=John |title=India’s electric vehicle market glides into gear from standing start |url=https://www.ft.com/content/bc5b6b72-f010-43af-b76b-9ab125d453b3 |website=Financial Times |date=25 January 2023}}</ref>

== History ==
The company was founded as Lohum in 2018 by Rajat Verma who is also the CEO of the company. Rajat holds multiple degrees in engineering and computer science from [[IIT Kanpur]] and [[Stanford University]], and an MBA from [[Harvard Business School]]. He has spent 18 years in the technology industry and developed several solutions across the eWaste value chain for markets across India, United States and GCC.<ref name="Forbes"/><ref>{{cite web |last1=Kumar |first1=Nitesh |title=Sourcing Raw Is The One Of The Biggest Challenge In Li ion Battery Space Founder Lohum |url=https://bwdisrupt.businessworld.in/article/Sourcing-Raw-Is-The-One-Of-The-Biggest-Challenge-In-Li-ion-Battery-Space-Founder-Lohum/01-03-2023-467482/ |website=BW Disrupt |language=en}}</ref><ref>{{cite web |title="There is no scheme for ore-refining, converting them into cathode materials" Rajat Verma, CEO & Founder, Lohum - Saur Energy International |url=https://www.saurenergy.com/solar-energy-news/there-is-no-scheme-for-ore-refining-converting-them-into-cathode-materials-rajat-verma-ceo-lohum |website=Saurenergy.com}}</ref><ref>{{cite web |title=Budget 2023: Enhancing economies of scale a key requirement for EV sector |url=https://www.financialexpress.com/budget/budget-2023-enhancing-economies-of-scale-a-key-requirement-for-ev-sector-2959921/ |website=Financialexpress |language=en |date=31 January 2023}}</ref>

In September 2022, Lohum partnered with [[Glencore]], a Swiss multinational commodity trading and mining company to advance circularity in the Li-ion battery supply chain. Lohum supplied Glencore with 10,000 metric tonnes of speciality chemicals for the battery supply materials of worth $200 million as part of the partnership.<ref>{{cite web |title=Lohum to supply specialty chemicals to Glencore for Lithium-ion batteries |url=http://timesofindia.indiatimes.com/articleshow/94534043.cms |website=The Times of India |date=29 September 2022}}</ref><ref>{{cite web |title=Glencore partners Lohum to boost circular ecosystem for Li-ion batteries |url=https://www.financialexpress.com/business/express-mobility-glencore-partners-lohum-to-boost-circular-ecosystem-for-li-ion-batteries-2694359/ |website=Financialexpress |language=en |date=28 September 2022}}</ref>

Lohum is [[Mercedes-Benz]] Energy's first Asian partner for lithium-ion battery recycling and repurposing.<ref>{{cite web |title=Lohum CEO Rajat Verma targets facility in USA for upstream capacities after 4th plant in Greater Noida |url=https://www.financialexpress.com/express-mobility/lohum-ceo-rajat-verma-targets-facility-innbspusa-for-upstream-capacities-after-4th-plant-in-greater-noida/2936226/ |website=Financialexpress |language=en |date=4 January 2023}}</ref><ref>{{cite web |title=Lohum to offtake minimum 50MWh of second-use Li-ion battery modules annually from Mercedes-Benz Energy - ET EnergyWorld |url=https://energy.economictimes.indiatimes.com/news/power/lohum-to-offtake-minimum-50mwh-of-second-use-li-ion-battery-modules-annually-from-mercedes-benz-energy/96730708 |website=ETEnergyworld.com |language=en}}</ref><ref>{{cite web |title=Mercedes-Benz Energy und Lohum fördern die Nachhaltigkeit von Batterien durch mehrjährige 2nd-Life-Partnerschaft |url=https://www.wallstreet-online.de/nachricht/16395134-mercedes-benz-energy-lohum-foerdern-nachhaltigkeit-batterien-mehrjaehrige-2nd-life-partnerschaft |website=wallstreet-online.de |language=de |date=4 January 2023}}</ref>

In May 2023, [[IIT Kanpur]] partnered with Lohum to advance sustainability of Lithium-ion batteries. Lohum provided fellowships to IIT Kanpur Ph.D. students to help them with their research. It has also supported the IITK Motorsports team, who won the Formula Bharat 2023 Class I electric category.<ref>{{cite web |title=Institute and Lohum Tie-up for research collaborations |url=http://www.iitk.ac.in/new/institute-and-lohum-tie-up-for-research-collaborations |website=www.iitk.ac.in |publisher=[[IIT Kanpur]]}}</ref><ref>{{cite web |title=IIT-K inks pact on clean, green energy mgmt |url=https://timesofindia.indiatimes.com/city/kanpur/iit-k-inks-pact-on-clean-green-energy-mgmt/articleshow/100000414.cms |website=The Times of India |date=5 May 2023}}</ref>

In June 2023, [[MG Motor India]] collaborated with Lohum for second-life EV battery solutions.<ref>{{cite web |title=Lohum partners MG Motor India for second-life EV battery solutions |url=https://www.business-standard.com/companies/news/lohum-partners-mg-motor-india-for-second-life-ev-battery-solutions-123060500464_1.html |website=Business Standard}}</ref> Lohum is also partnered with [[Acko General Insurance]] to recycle and reuse EV batteries under warranty insurance.<ref>{{cite web |last1=Anand |first1=Saurav |title=Lohum and ACKO pioneer EV battery recycling and reuse in insurance |url=https://www.livemint.com/companies/news/lohum-and-acko-pioneer-ev-battery-recycling-and-reuse-in-insurance-sector-11683022621891.html |website=mint |language=en |date=2 May 2023}}</ref>

== References ==
{{reflist}}

[[Category:Indian companies established in 2018]]
[[Category:Electric vehicle battery manufacturers]]
[[Category:Manufacturing companies based in Stockholm]]
[[Category:Battery manufacturers]]

Lohum - Revision history

Ajay Kumar: Creating a new article