Lohum Cleantech, a pioneering company in the field of clean energy transition, has recently made headlines by raising Rs 119 crore (approximately $14.5 million) as part of its ongoing Series B round. This infusion of capital marks a significant milestone in Lohum’s journey towards revolutionizing the clean energy sector. The company’s commitment to sustainability and innovation has attracted the attention of both investors and industry experts alike.

The Funding Round

The recent Series B round saw a diverse group of investors contributing to Lohum’s growth trajectory. Singularity Growth, a prominent investment firm, led the tranche with Rs 55 crore, demonstrating its confidence in Lohum’s vision and potential. Additionally, Vyoman India and Baring Private Equity injected Rs 11 crore and Rs 10 crore respectively into the company. Angel investors Mukul Mahavirparasad Agarwal and Madhuri Madhusudan also played a pivotal role, collectively investing Rs 21 crore in the venture.

The infusion of funds underscores the growing recognition of Lohum’s innovative approach to clean energy transition. The company’s ability to attract capital from both institutional investors and seasoned angel investors speaks volumes about its credibility and market potential.

Utilization of Proceeds

Lohum Cleantech has outlined a strategic plan for the utilization of the funds raised during the Series B round. According to regulatory filings, the company intends to allocate the proceeds towards capital expenditures, marketing initiatives, and general corporate purposes. This prudent allocation of resources reflects Lohum’s commitment to scaling its operations and consolidating its position in the clean energy landscape.

Stakeholder Dynamics

The participation of key stakeholders in the Series B round further underscores Lohum’s standing in the market. Following the fresh infusion of capital, Baring Private Equity now holds a 5.58% stake in the company, consolidating its position as a strategic investor. Cactus Partners and Singularity Growth Opportunities also command significant stakes, signaling their confidence in Lohum’s long-term growth prospects.

Valuation and Growth Trajectory

The Series B funding round has propelled Lohum Cleantech to new heights, with the company now boasting a valuation of around Rs 3,470 crore or $422 million post-allotment. This valuation not only reflects the market’s confidence in Lohum’s business model but also underscores the company’s potential to disrupt the clean energy landscape.

Lohum’s impressive financial performance further validates its position as a frontrunner in the clean energy transition space. The company witnessed a staggering 2.9X surge in revenue, reaching Rs 308 crore in FY23 compared to Rs 106 crore in FY22. Moreover, Lohum achieved a commendable profit of Rs 8.88 crore during the same period, underscoring its ability to deliver sustainable growth while maintaining profitability.

Innovation in Clean Energy Transition

At the heart of Lohum Cleantech’s success lies its relentless pursuit of innovation in clean energy transition. The company prides itself on being one of the largest producers of sustainable energy transition materials, leveraging advanced technologies in battery recycling, raw material refining, and battery repurposing.

Lohum’s lithium-ion battery material recycling and extraction technology represent a paradigm shift in the way we approach clean energy solutions. By regenerating top-quality materials and minimizing waste, Lohum is not only driving environmental sustainability but also paving the way for a more efficient and circular economy.

Second-Life Energy Storage Systems

One of Lohum’s standout initiatives is its development of second-life energy storage systems (ESS) using repurposed EV batteries. These innovative systems play a crucial role in renewable energy storage and grid stabilization, offering a cost-effective and sustainable solution to the challenges of energy transition.

By repurposing EV batteries, Lohum is not only extending the lifespan of these components but also unlocking new opportunities for energy storage and distribution. This approach not only reduces waste but also contributes to the overall resilience and reliability of the energy grid.


In conclusion, Lohum Cleantech’s recent funding milestone marks a significant step forward in the journey towards a sustainable energy future. The company’s ability to raise capital, expand its operations, and deliver impressive financial performance underscores its status as a leader in the clean energy transition space.

As Lohum continues to innovate and expand its reach, it is poised to redefine the way we generate, store, and distribute energy. With a strong foundation built on innovation, sustainability, and strategic partnerships, Lohum Cleantech is well-positioned to shape the future of clean energy and drive positive change on a global scale.

By Admin

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