Founded in 2018, Lohum Cleantech focuses on recycling end-of-life batteries to recover critical minerals such as lithium, cobalt and nickel and converting them into feedstocks for new batteries. The company is expanding capacity to serve the growing electric vehicle supply chain and to build local material supply within India. Lohum plans to move beyond basic recycling into production of cathode active materials (NMC) and the recovery of platinum group metals and rare earth magnets. The business recently raised ₹230 crore from Poonawalla Vision Fund-1 and family offices to support these expansion plans. The company’s strategic aim is to reduce dependence on international supply chains, particularly those centered in China, by developing domestic capabilities for advanced battery materials.

Total raised

$100M

Funding rounds

4

Latest round

Equity

Latest activity

Jul 2026