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Shreyas Ramdasi
Mechanical Engineer • 1y
Lohum Preps Up For INR 1,000 Cr Manganese-Based Batteries Project, Ropes In Tesla Veteran The New Delhi-based company is looking to invest INR 1,000 Cr over the next three years and will be setting up a capacity of over 20 GWh This comes days after Lohum raised $54 Mn to fuel its market expansion, scaling up recycling operations across India, and also foray into new energy transition materials markets in North America, the EU, the Middle East, Africa, and Asia This comes days after Lohum raised $54 Mn in its Series B funding round which saw participation from Singularity Growth, Baring Private Equity, Cactus Venture Partners & Venture East amongst other new and existing venture firms. Back then the startup said that the fresh proceeds would be deployed to fuel its market expansion, scaling up recycling operations across India, and also foray into new energy transition materials markets in North America, the EU, the Middle East, Africa, and Asia. Founded by Rajat Verma, Justin Lemmon
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