Lohum

What Lohum does

Lohum Cleantech Private Limited is a vertically integrated critical materials company that processes end-of-life lithium-ion batteries and electronic waste into battery-grade critical minerals and advanced materials. Founded in 2018 (Noida, India) by Rajat Verma, the company operates 25,000 MT per annum of battery recycling capacity alongside dedicated refineries for lithium (1,000 MT), cobalt (1,200 MT), nickel (1,000 MT), and aluminum/copper (4,500 MT), using proprietary hydrometallurgical and chemical processing technologies backed by 300+ patent claims. Its product portfolio spans critical minerals (Li, Co, Ni, rare earth oxides, platinum group metals), cathode active materials (NMC, LFP, LCO, LMFP via subsidiary Vidyuta Materials), rare earth permanent magnets, recovered carbon black (via 51:49 JV Lohum Talbros CarbonTech), catalysts (via LOHUM Catalysts), graphene, and graphite, with an AI-enabled battery diagnostics platform supporting second-life battery repurposing and EPR compliance services under India's Battery Waste Management Rules.

The company sells primarily through direct B2B enterprise relationships to EV manufacturers, battery cell makers, energy storage operators, defense and electronics manufacturers, and EPR compliance customers. Pricing is opaque and not publicly disclosed. Revenue mechanics combine transaction-fee recycling services, hardware sales of refined minerals and advanced materials, and professional services for EPR compliance. Distribution is anchored by strategic partnerships — including with BEEAH and the UAE Ministry of Energy (Sharjah recycling JV), Hindustan Copper (20-year revenue-sharing on a 50,000 TPA copper project), Talbros Automotive (recovered carbon black JV), and ACKO General Insurance (EV battery collection) — alongside participation in Indian government schemes such as ECMS for rare earth magnets. The company is PE-backed (Baring Private Equity India led the USD 54M Series B in March 2024), has raised USD 120M+ to date, and is targeting an early 2027 IPO with a $200M raise.

Name

Lohum

Legal name

Lohum Cleantech Private Limited

Website

https://www.lohum.com/

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Lohum Cleantech is an India-based, vertically integrated critical minerals company that recycles lithium-ion batteries and produces battery-grade lithium, cobalt, nickel, cathode active materials, rare earth magnets, and recovered carbon black for EV, energy storage, defense, and electronics manufacturers.

Ownership category

akta.pro rank

Product category

Battery Recycling and Critical Minerals Manufacturing

NAICS

Materials Recovery Facilities (562920), Battery Manufacturing (335910), Waste Collection (56211)

SIC

Refuse Systems (4953)

akta.pro primary industry

Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE)

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ)

Keywords

• Battery recycling services
• Critical minerals recovery
• Cathode active materials
• Rare earth magnets manufacturing
• Extended producer responsibility

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Technology or R&D, Personnel, Operations

Revenue model

1. Battery Recycling Services: Collection and recycling of end-of-life lithium-ion batteries from EVs, consumer electronics, and energy storage systems. Processes batteries to recover critical minerals including lithium, cobalt, nickel, and graphite. Also offers second-life battery refurbishment for energy storage applications.
2. Critical Minerals and Metals: Production and sale of refined critical minerals including lithium, cobalt, nickel, copper, aluminum, rare earth oxides, and platinum group metals extracted through recycling and processing operations
3. Cathode Active Materials: Manufacturing and sale of battery-grade cathode active materials including NMC (Nickel Manganese Cobalt Oxide), LFP (Lithium Iron Phosphate), LCO (Lithium Cobalt Oxide), and LMFP (Lithium Manganese Iron Phosphate) for lithium-ion cell manufacturing through subsidiary Vidyuta Materials
4. Rare Earth Magnets: Manufacturing of high-power rare earth magnets from rare earth oxides for EV motors, electronics, defense systems, and renewable energy applications
5. Recovered Carbon Black and Advanced Materials: Production of recovered carbon black (rCB), devulcanized rubber, catalysts, and graphene from recycled materials through subsidiary Lohum Talbros CarbonTech and other partnerships
6. EPR Compliance Services: Extended Producer Responsibility solutions helping battery and electronics manufacturers meet regulatory compliance requirements under India's Battery Waste Management Rules

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Lohum operates a vertically integrated platform that recycles end-of-life lithium-ion batteries and electronic waste to recover critical minerals such as lithium, cobalt, nickel, copper, and rare earth elements, then processes and refines them into battery-grade products including cathode active materials (NMC, LFP, LCO, LMFP), high-power rare earth magnets, catalysts, recovered carbon black, and graphene. The company also offers EPR compliance services and second-life battery repurposing for energy storage applications.

Product overview

Lohum operates a vertically-integrated portfolio across critical materials, critical minerals, and energy transition value chains. The core offerings include: (1) Battery Recycling Services processing lithium-ion batteries to recover lithium, cobalt, nickel, copper, aluminium, and graphite; (2) Critical Minerals including Nickel, Cobalt, Lithium, and Rare Earth Oxides; (3) Advanced Materials including Cathode Active Materials (NMC, LFP, LCO, LMFP), High Power Magnets, Graphene, Base Metal and Precious Metal Catalysts, Recovered Carbon Black, Devulcanized Rubber, and Graphite; and (4) Services including Extended Producer Responsibility (EPR) Solutions and Second-Life Battery Repurposing into energy storage systems. Subsidiaries include LOHUM Talbros CarbonTech Private Limited (51:49 JV with Talbros for recovered carbon black), LOHUM Catalysts Private Limited (catalysts), and Vidyuta Materials Pvt Ltd (cathode active materials). The company also has an AI-led battery diagnostics platform mentioned alongside physical recycling and repurposing operations. Recent expansion includes rare earth magnet manufacturing approved under the ECMS scheme for India's first integrated 'Rare Earth to Magnet' facility in Uttar Pradesh.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Recycling Services End-to-end lithium-ion battery recycling services that collect, shred, and process end-of-life batteries and electronic waste using hydrometallurgical and pyrometallurgical methods to recover critical minerals for battery manufacturers and industrial buyers.
• Nickel Products
• Cobalt Products
• Lithium Products
• Rare Earth Oxides
• High Power Magnets High-power rare earth permanent magnets for next-generation electronics, electric vehicle motors, and defense applications; manufacturing facility under development in Uttar Pradesh with planned 2,000 MT annual capacity.
• Cathode Active Materials
• Base Metal Catalysts
• Precious Metal Catalysts
• Recovered Carbon Black (rCB)
• Devulcanized Rubber (DR)
• Graphene and Graphene-based Additives
• Graphite
• Extended Producer Responsibility (EPR) Solutions
• Second-Life Battery Repurposing and BESS

Quantifiable outcome

• Up to 20% of India's rare earth magnet demand to be met by 2027 through 2,000 MT facility
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core, strategic and minor.

• Talbros Automotive Components LimitedcoreStrategic or Co-development Partner · 2 July 2026Joint venture to establish Lohum Talbros CarbonTech Private Limited focused on trading, manufacturing, production, and refining of recovered Carbon Black. Structured as 51:49 equity split with initial paid-up capital of INR 100,000. Combines Lohum's resource recovery technologies with Talbros' automotive OEM relationships.
• Hindustan Copper LimitedcoreStrategic or Co-development Partner · 4 June 202620-year revenue-sharing agreement to restart, upgrade and operate Hindustan Copper's 50,000-tonne-per-annum copper refining project at Jhagadia in Gujarat. Upgraded facility will produce Grade-A copper cathodes with 99.9997% purity for power, EV, electronics and infrastructure sectors. Supports India's goal of reducing copper import dependence.
• Konstantin Novoselov (Nobel Laureate)strategicTechnology or Integration · 12 March 2026Collaboration with Nobel laureate who discovered graphene to develop advanced materials research and engineering. Focus on using graphene and developing recycling systems for batteries and magnets to support India's green energy goals. Discussions with Uttar Pradesh Chief Minister to make state a hub for advanced materials.
• BEEAH GroupcoreStrategic or Co-development Partner · 17 January 2026Joint venture with UAE Ministry of Energy and Infrastructure and BEEAH to build UAE's first large-scale EV battery recycling and second-life repurposing facility in Sharjah. Facility to process 1,500 tonnes of Lithium-ion batteries initially, doubling capacity within three years. Supports UAE's net-zero goals and positions country as regional clean energy hub.
• UAE Ministry of Energy and InfrastructurecoreStrategic or Co-development Partner · 17 January 2026Government partnership to establish UAE's first large-scale EV battery recycling facility in Sharjah. Project announced at World Future Energy Summit 2026, supporting UAE's goal of 50% electric vehicles by 2050.
• ACKO General Insurance LimitedminorStrategic or Co-development Partner · 1 May 2023Partnership to recycle and repurpose electric vehicle batteries covered by extended warranty insurance. Aims to streamline claim processes and minimize environmental impact for EV insurance policies.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Li-Cycle: Public Li-ion battery recycling company operating hydrometallurgical 'Spoke & Hub' networks across North America and Europe. Directly comparable to Lohum on feedstock (end-of-life Li-ion batteries) and recovery of Li, Co, Ni, plus black mass production, though Li-Cycle is currently in restructuring.
• Redwood Materials: US-based Li-ion battery recycler founded by JB Straubel, recovering cathode and anode materials for reintroduction into battery supply chains. Direct peer on hydrometallurgical recycling, CAM integration, and OEM partnerships.
• Ascend Elements: US Li-ion battery recycler using hydrometallurgical processes to produce black mass and cathode precursor materials (Hydro-to-Cathode). Direct peer on Li-ion recycling with upstream CAM integration, comparable to Lohum's Vidyuta Materials subsidiary.
• Attero: India's largest e-waste and lithium-ion battery recycler, operating integrated recycling facilities. Closest direct domestic competitor to Lohum, with comparable feedstock collection and Li/Co recovery focus in the Indian market.
• Cirba Solutions: North American battery materials and recycling company offering collection, processing, and materials recovery services for end-of-life Li-ion batteries. Comparable on hydrometallurgical recycling and black mass production.

Broad incumbents

• GEM Co. China's largest battery recycler and a leading global producer of recycled Ni, Co, and Li salts. Comparable on hydrometallurgical recycling at scale and downstream precursor/cathode materials, though operating predominantly in China.
• SungEel HiTech: Korean Li-ion battery recycler with global operations recovering black mass and critical minerals. Comparable on hydrometallurgical recycling and OEM-grade material production.
• Umicore: Belgian materials technology and recycling group operating one of Europe's largest Li-ion battery recycling plants plus cobalt/Ni refining. Broad incumbent comparable to Lohum on materials refining and cathode chemistry expertise.
• Tata Chemicals: Indian-listed specialty chemicals and materials company active in lithium carbonate production and battery materials. Broader incumbent comparable to Lohum on critical mineral processing in India and proximity to Indian EV manufacturers.

Regional players

• Gravita India: India-listed lead-acid and lithium battery recycler with global collection networks across Asia, Africa, and the Americas. Comparable to Lohum on Indian battery recycling operations and collection logistics infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lohum
• LinkedInin.linkedin.com/company/lohum

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lohum