About Lohum
Lohum is a company based in Noida (India) founded in 2018 by Gazanfar Safavi, Justin Lemmon, and Rajat Verma.. Lohum has raised $157.24 million across 15 funding rounds from investors including Angel List, Ambit and Wellfound. The company has 181 employees as of June 04, 2025. Lohum offers products and services including Recycle with Lohum, Battery Residual Value, and EPR Partnerships. Lohum operates in a competitive market with competitors including A123 Systems, QuantumScape, StoreDot, Li-Cycle and Attero, among others.
- Headquarter Noida, India
- Employees 181 as on 04 Jun, 2025
- Founders Gazanfar Safavi, Justin Lemmon, Rajat Verma
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Environment
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Email
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Phone
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Website
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Social
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- Legal Name Lohum Cleantech Private Limited
- Jurisdiction East Delhi, Delhi, India
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Annual Revenue
$51.32 M (USD)42.59as on Mar 31, 2024
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Net Profit
$1.1 M (USD)6.22as on Mar 31, 2024
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EBITDA
$5.2 M (USD)87.69as on Mar 31, 2024
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Total Equity Funding
$157.24 M (USD)
in 15 rounds
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Latest Funding Round
$15 M (USD), Series B
Nov 18, 2025
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Investors
Angel List
& 109 more
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Employee Count
181
as on Jun 04, 2025
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Products & Services of Lohum
Lohum offers a comprehensive portfolio of products and services, including Recycle with Lohum, Battery Residual Value, and EPR Partnerships. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for recycling used lithium-ion batteries sustainably.
Platform to evaluate and unlock second-life applications for batteries.
Assists in meeting extended producer responsibility targets.
Funding Insights of Lohum
Lohum has successfully raised a total of $157.24M across 15 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 15
- Last Round Series B — $15.0M
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First Round
First Round
(30 Aug 2018)
- Investors Count 110
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series B - Lohum | Valuation |
investors |
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| Nov, 2025 | Amount | Series B - Lohum | Valuation | Growth I9 Opportunity | |
| Oct, 2025 | Amount | Series B - Lohum | Valuation | Baring Private Equity Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lohum
Lohum has secured backing from 110 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Ambit and Wellfound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is directed toward edtech sectors.
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Founded Year | Domain | Location | |
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Investment management services in growth equity and public investments in India.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by the Ravi Modi Family Trust.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lohum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lohum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lohum Comparisons
Competitors of Lohum
Lohum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as A123 Systems, QuantumScape, StoreDot, Li-Cycle and Attero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion battery recycling technology is developed by Li-Cycle.
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| domain | founded_year | HQ Location |
Tech-based solid waste management and recycling solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lohum
Frequently Asked Questions about Lohum
When was Lohum founded?
Lohum was founded in 2018.
Where is Lohum located?
Lohum is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of Lohum?
Rajat Verma is the current CEO of Lohum. They have also founded this company.
Is Lohum a funded company?
Lohum is a funded company, having raised a total of $157.24M across 15 funding rounds to date. The company's 1st funding round was a Series B of $11.32M, raised on Aug 30, 2018.
How many employees does Lohum have?
As of Jun 04, 2025, the latest employee count at Lohum is 181.
What is the annual revenue of Lohum?
Annual revenue of Lohum is $51.32M as on Mar 31, 2024.
What does Lohum do?
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining. The company provides single-point lithium-ion battery recycling and reuse solutions. It recovers and recirculates critical battery raw materials, lowering battery costs and reducing reliance on mining. The company offers battery lifecycle management solutions, including recycling used batteries, determining residual value, and facilitating Extended Producer Responsibility (EPR) partnerships. It produces energy storage applications, batteries for low power e-mobility, and high-purity battery raw materials. The company addresses challenges related to battery metal depletion, rising battery waste, geo-disparity of raw materials, reverse logistics, and transparency in refining and recycling.
Who are the top competitors of Lohum?
Lohum's top competitors include Attero, StoreDot and Contemporary Amperex Technology.
What products or services does Lohum offer?
Lohum offers Recycle with Lohum, Battery Residual Value, and EPR Partnerships.
Who are Lohum's investors?
Lohum has 110 investors. Key investors include Angel List, Ambit, Wellfound, Talbros Automotive Components, and Tracxn Labs.
What is Lohum's valuation?
The valuation of Lohum is $406.73M as of Jan 2025.
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