LOHUM
LOHUM is a medium-sized, privately held company headquartered in Delhi NCR, India, specializing in lithium-ion battery manufacturing and recycling, with operations in the US and EU.
Company Overview
LOHUM operates in the Renewable Energy Semiconductor Manufacturing industry and is classified as a privately held company. Founded in 2018, LOHUM has its headquarters in Delhi NCR, India, and additional locations in Santa Monica, USA, and across Europe. The company employs 600 people and is recognized as a medium-sized business with a team size of 308. LOHUM focuses on lithium-ion battery manufacturing, battery reuse solutions, and battery material recycling, aiming to create a circular supply chain.
Products and Services
LOHUM offers a variety of products and services in the battery sector. The company manufactures lithium-ion batteries and battery materials, including cobalt, lithium, nickel, and graphite. LOHUM provides battery recycling services, including end-of-life battery recovery and second-life solutions. It also offers the DETX™ battery price index, which provides real-time salvage prices and optimal applications for reused batteries. Additionally, LOHUM has developed NEETM™ Lithium-ion battery recycling technology and maintains a reverse logistics network for battery recycling.
Sustainability Initiatives
LOHUM is committed to sustainability and aims to save 4,000,000 metric tons of CO2 equivalent by 2026. The company operates a 'Reclaim' Recycling Facility and a Dismantling Facility in Greater Noida, Uttar Pradesh, which utilize significantly less water compared to traditional mining methods. LOHUM also engages in community initiatives, such as hosting a sustainability education winter camp for underprivileged children. The company has established partnerships to enhance its sustainability efforts, including a collaboration with the Ministry of Energy & Infrastructure in the UAE for an EV battery recycling plant.
Expansion Plans
LOHUM has plans for significant expansion in the USA and Europe. The company secured USD $54 million in Series B funding to support its global market expansion efforts. Additionally, LOHUM aims to create 30,000 jobs in the lithium-ion battery recycling industry by 2026. The company continues to explore strategic partnerships, such as its collaboration with Mercedes-Benz Energy for second-use Li-ion battery modules and with Vecmocon to promote EV battery adoption.
Awards and Recognition
In 2022, LOHUM received the 'Most Innovative Company of the Year' award from the Confederation of Indian Industry (CII). This recognition highlights the company's contributions to the renewable energy sector and its innovative approaches to battery recycling and manufacturing. LOHUM's commitment to enhancing customer value through technology and sustainability has positioned it as a leader in the lithium-ion battery industry.