In the age of electric vehicles and clean energy, one Indian company is making headlines — not for building cars, but for what happens after the battery dies. Meet Lohum, a clean-tech startup in India that’s turning waste into wealth by recycling and repurposing used lithium-ion batteries.
Founded in 2018, Lohum Cleantech has carved out a niche in battery recycling in India, becoming a vital part of the country’s move toward a circular economy. Their approach is simple yet powerful: extract useful materials from spent batteries, reduce environmental impact, and build a supply chain for sustainable energy solutions.
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Why Battery Recycling Matters Today
The global shift to electric mobility is creating massive demand for battery materials like lithium, nickel, cobalt, and manganese. However, mining these rare elements harms the environment and often involves high carbon emissions.
Instead of extracting more from the earth, Lohum focuses on extracting value from what’s already been used. Their method significantly reduces carbon emissions while supporting the electric vehicle battery lifecycle.
Lohum not only recycles batteries but also provides battery second life solutions, allowing used EV batteries to power energy storage systems before they’re fully retired. This drastically improves the resource efficiency of EV technology.
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Lohum’s Growth: From Startup to Industry Leader
Lohum’s progress has been nothing short of impressive. In just a few years, they’ve gone from earning a modest ₹3 crore in revenue to ₹530 crore as of 2024. And they’re just getting started.
The company plans to scale up operations by 5X over the next three years, targeting a recycling and repurposing capacity of 25–30 GWh (Gigawatt-hours) per year by 2027 — a giant leap from its current 5 GWh.
This growth will be fueled by new facilities in South India, deeper R&D investment, and global expansion through strategic joint ventures.
Going Global and Going Public
Founder and CEO of Lohum, Rajat Verma, is steering the company toward an IPO by 2027. Before that, Lohum plans to raise around $200 million to fuel its growth, expand manufacturing capacity, and scale operations globally.
Their partnerships with global giants like Glencore and Samsung SDI are opening up access to international markets and deepening their influence in the low-carbon technology space.
Lohum has already made a mark in the US and UAE through joint ventures aimed at extending their recycling technology and energy storage solutions beyond India.
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Advanced Technology Meets Sustainability
Lohum’s patented technology enables them to recover up to 99.9% pure materials from used batteries — something that’s not easy to achieve. The company combines chemical extraction processes, AI-driven diagnostics, and proprietary methods to efficiently separate and purify critical battery elements.
Their innovations also support energy storage innovation, particularly in pairing second-life batteries with renewable sources like solar and wind power.
With over 100 employees in R&D and a steady 10% of revenue reinvested into innovation, Lohum is not just a recycler — it’s a climate tech India leader focused on long-term impact
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Driving the Circular Economy in India
Lohum is setting a strong example for how a company can profit while protecting the planet. Its entire model promotes eco-friendly battery solutions that align with India’s green energy goals and the broader UN Sustainable Development Goals.
The company’s efforts contribute to reducing dependency on raw mineral imports, conserving natural resources, and fostering sustainable mobility solutions that are economically viable. This makes Lohum one of the most exciting e-waste recycling startups in India, standing out among new-age renewable energy startups for its real-world impact and profitability.
What Lies Ahead?
As EV adoption surges, so will the demand for responsible end-of-life battery management. Lohum is perfectly positioned to lead this transformation, offering a complete lifecycle solution — from EV battery collection and reuse, to recycling and material recovery.
Their future vision includes:
- IPO by 2027
- 5X production scale in 3 years
- Global partnerships for battery recycling
- Clean energy storage using second-life batteries
Lohum’s journey proves that battery recycling in India is not just a necessity — it’s a billion-dollar opportunity.
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Conclusion
In a world chasing sustainability, Lohum isn’t just following the trend — it’s leading it. Through smart innovation, rapid growth, and a powerful mission, this startup is solving a major environmental problem while building a profitable and scalable business.
Lohum is not only making millions from waste batteries — it’s redefining how India and the world think about clean energy, circular economies, and green technology.
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FAQs
1. What does Lohum do with used batteries?
Lohum collects used electric vehicle (EV) batteries, extracts valuable materials like lithium, nickel, cobalt, and manganese, and either recycles or repurposes them for second-life energy storage solutions.
2. What industries does Lohum serve?
Lohum serves industries such as electric vehicles, renewable energy, and battery manufacturing. It provides recycled materials and second-life batteries for energy storage systems.
3. Who is the founder of Lohum?
Lohum was founded by Rajat Verma in 2018. He currently serves as the CEO and is leading the company’s global expansion and IPO plans.
4. Can Lohum’s technology be used outside India?
Yes, Lohum is already partnering with international companies and expanding globally. Its battery recycling technology and circular models are adaptable for various markets.
5. Where can I learn more about Lohum?
You can visit Lohum’s official website at www.lohum.com for updates, insights, and detailed information on their services and sustainability mission.
