Lohum

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Lohum
Founded2018
Founder(s)sRajat Verma
Headquarters
Noida
,
India
Area served
India, USA, Europe, Middle-East, East Asia, and South-East Asia
ProductsLithium-ion batteries
Websitehttps://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.[1][2][3]

History[edit]

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.[1][4][5][6]

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.[7][8]

Lohum is Mercedes-Benz Energy's first Asian partner for lithium-ion battery recycling and repurposing.[9][10][11]

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.[12][13]

In June 2023, MG Motor India collaborated with Lohum for second-life EV battery solutions.[14] Lohum is also partnered with Acko General Insurance to recycle and reuse EV batteries under warranty insurance.[15]

References[edit]

  1. ↑ 1.0 1.1 "This Entrepreneur Wants India To Make Its Own Lithium-ion Cells For Electric Vehicle Batteries". Forbes India.
  2. ↑ "India can become a global lithium supply chain leader without even producing it: Lohum". The Times of India. 10 March 2023.
  3. ↑ Reed, John (25 January 2023). "India's electric vehicle market glides into gear from standing start". Financial Times.
  4. ↑ Kumar, Nitesh. "Sourcing Raw Is The One Of The Biggest Challenge In Li ion Battery Space Founder Lohum". BW Disrupt.
  5. ↑ ""There is no scheme for ore-refining, converting them into cathode materials" Rajat Verma, CEO & Founder, Lohum - Saur Energy International". Saurenergy.com.
  6. ↑ "Budget 2023: Enhancing economies of scale a key requirement for EV sector". Financialexpress. 31 January 2023.
  7. ↑ "Lohum to supply specialty chemicals to Glencore for Lithium-ion batteries". The Times of India. 29 September 2022.
  8. ↑ "Glencore partners Lohum to boost circular ecosystem for Li-ion batteries". Financialexpress. 28 September 2022.
  9. ↑ "Lohum CEO Rajat Verma targets facility in USA for upstream capacities after 4th plant in Greater Noida". Financialexpress. 4 January 2023.
  10. ↑ "Lohum to offtake minimum 50MWh of second-use Li-ion battery modules annually from Mercedes-Benz Energy - ET EnergyWorld". ETEnergyworld.com.
  11. ↑ "Mercedes-Benz Energy und Lohum fördern die Nachhaltigkeit von Batterien durch mehrjährige 2nd-Life-Partnerschaft". wallstreet-online.de (in Deutsch). 4 January 2023.
  12. ↑ "Institute and Lohum Tie-up for research collaborations". www.iitk.ac.in. IIT Kanpur.
  13. ↑ "IIT-K inks pact on clean, green energy mgmt". The Times of India. 5 May 2023.
  14. ↑ "Lohum partners MG Motor India for second-life EV battery solutions". Business Standard.
  15. ↑ Anand, Saurav (2 May 2023). "Lohum and ACKO pioneer EV battery recycling and reuse in insurance". mint.
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