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Lohum

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Lohum focuses on creating a circular supply chain for battery materials through recycling and repurposing.

Blurb

Lohum manufactures lithium-ion battery packs and recovers critical battery materials from used lithium-ion batteries through recycling.

HQ Location

Noida (India)

Founded

2017

Employees

501 - 1000

Total funding raised

$84.36M

Funding Status

Series B, $54.36M, March 11, 2024

Lithium-ion batteries have become an indispensable power source in today's world, powering a wide range of devices, from smartphones and laptops to electric vehicles and renewable energy storage systems. As the usage of lithium-ion batteries continues to grow, so does the need for effective and environmentally responsible recycling solutions. Lithium-ion battery recycling companies play a crucial role in addressing the challenges posed by the disposal and management of these batteries.



Lithium-ion battery recycling companies are specialized entities that focus on the safe and efficient collection, processing, and recycling of used or end-of-life lithium-ion batteries. Their primary objective is to recover valuable materials from spent batteries, such as lithium, cobalt, nickel, and other metals, while mitigating the environmental impact of battery disposal.



These companies often employ cutting-edge recycling technologies to extract valuable materials from discarded batteries, which can then be reused in the production of new batteries or other applications. Recycling lithium-ion batteries not only conserves valuable resources but also helps reduce the demand for mining raw materials, which can be both expensive and environmentally destructive.



The recycling process generally starts with the collection and transportation of used batteries to specialized facilities. At the recycling facility, the batteries are sorted and processed to remove hazardous materials and prepare them for further recycling. Depending on the technology used, the batteries are then disassembled, shredded, or subjected to other mechanical processes to separate the different components and retrieve valuable materials.



One of the critical challenges faced by lithium-ion battery recycling companies is the diversity of battery chemistries and form factors. Different types of batteries require specific recycling methods.