About Lohum
Lohum is a Transportation, Automotive & Logistics company based in Noida (India) founded in 2018 by Gazanfar Safavi, Justin Lemmon, and Rajat Verma. It operates in the Transportation, Automotive & Logistics, Energy & Utilities, and Environment sectors. Lohum has raised $204.53 million across 18 funding rounds from investors including Angel List, Ambit and Wellfound. The company has 181 employees. Lohum was last valued at $406.73 million in January 2025. Its chief executive is Rajat Verma. Its Indian entity Lohum Cleantech Private Limited reported revenue of ₹835 Cr. Lohum offers products and services including Recycle with Lohum, Battery Residual Value, and EPR Partnerships. Its focus areas include Auto, Auto Components, Electrical and Electronic System and Battery. Its competitors include A123 Systems, QuantumScape, StoreDot, Li-Cycle and Attero and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
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.
- Headquarters Noida, India
- Employees 181
- Founders Gazanfar Safavi, Justin Lemmon, Rajat Verma
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities Environment
- Email••••••••
- Phone•••• ••••
- Website lohum.com
- Social LinkedIn X Facebook
- Legal Name Lohum Cleantech Private Limited
- Date of Incorporation 19 Mar, 2018
- Jurisdiction Delhi, India
- Annual Revenue₹835 Cr
FY 2025 · +58% YoY
- Net Profit₹32.99 Cr
FY 2025 · 4% margin
- EBITDA₹101 Cr
FY 2025 · 12% margin
- Total Equity Funding$204.53M (USD)
in 18 rounds
- Latest Funding Round$23.96M (USD), Series C
Jul 2026
- InvestorsAngel List
& 112 more
- Employee Count181
Associated legal entities of Lohum
Lohum is associated with 2 registered companies on The Company Check; the primary company is Lohum Cleantech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lohum Cleantech Private Limited CIN U74999DL2018PTC331175 | Active | 19 Mar 2018 | Delhi, Delhi | ₹835 Cr | 140 | 7 | View details |
| Lohum Materials Private Limited CIN U38300DL2023PTC420974 | Active | 09 Oct 2023 | Delhi, Delhi | ₹421 Cr | 14 | 4 | View details |
Products & Services of Lohum
Lohum offers a comprehensive portfolio of products and services, including Recycle with Lohum, Battery Residual Value, and EPR Partnerships.
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 $204.53M across 18 strategic funding rounds. The most recent funding activity was a Series C round of $23.96 million completed in July 2026. 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 $204.53M
- Total Rounds 18
- Last Round Series C — $23.96M
- First Round $575,893
(Aug 2018)
- Investors Count 113
Latest 10 of 18 funding rounds of Lohum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2026 | $23.96M | Series C | – | – | – |
| Jul 2026 | $2.07M | Series B | – | 360 One | |
| Dec 2025 | $21.26M | Series B | – | – | |
| Nov 2025 | $15M | Series B | – | – | |
| Nov 2025 | $15M | Series B | – | Growth I9 Opportunity | |
| Oct 2025 | $11.32M | Series B | – | Baring Private Equity Partners | |
| Jan 2025 | $1.27M | Series B | $406.73M | Cactus Venture Partners | – |
| Dec 2024 | $200,756 | Series B | $414.59M | Stride Ventures | |
| Oct 2024 | $12.48M | Series B | – | Chartered Finance and Leasing | |
| Mar 2024 | $54M | Series B | – | Singularity Ventures AMC |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2025 | $406.73M | •••••••• |
| Dec 2024 | $414.59M | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
| Jan 2021 | $••••• | •••••••• |
| Jul 2020 | $••••• | •••••••• |
| Aug 2018 | $••••• | •••••••• |
Full valuation and stage history of Lohum
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $406.73M (Jan 2025). 113 investors in total: 46 institutional and 67 angel.
Investors in Lohum
Lohum has secured backing from 113 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Ambit and Wellfound.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is directed toward edtech sectors. | – | charteredfinanceandleasing.tcc.mode | Kolkata, India | |
Investment management services in growth equity and public investments in India. | 2016 | singularityamc.com | Mumbai, India | |
Early-stage investments are targeted by the Ravi Modi Family Trust. | – | ravimodifamilytrust.tcc.mode | Kolkata, India | |
Multiple sectors are invested in by this private equity firm. | – | paramventures.tcc.mode | Mumbai, India | |
Private equity firm focusing on buyouts and investments in multiple sectors | 1998 | bpepindia.com | Mumbai, India | |
- | – | vyomanindia.tcc.mode | - | |
Venture capital firm investing in early-stage Indian tech companies with established product-market-fit. | 2021 | cactusvp.com | Mumbai, India | |
Venture capital investments in technology, healthcare, and clean environment sectors since 1997. | 1997 | ventureast.net | Bengaluru, India | |
Venture debt is provided to growth-stage companies for business scaling. | – | strideventures.global | Delhi, India | |
Early & Growth stage tech-focused VC Firm investing in geographies such as Africa | – | singularityinvest.com | Lagos, Nigeria |
Investor details for Lohum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Lohum Cleantech Private Limited (Lohum)
Lohum Cleantech Private Limited is the primary company behind Lohum. The boards of the 2 registered companies of Lohum currently have 8 directors; the longest-serving is Rajat Verma, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajat Verma DIN 02548070 | Director | 01 May 2018 | 8 yrs 5 mo | Lohum Cleantech Private Limited, Lohum Materials Private Limited |
| Supriya Srivastava DIN 07440764 | Director | 30 Aug 2018 | 8 yrs 1 mo | Lohum Cleantech Private Limited, Lohum Materials Private Limited |
| Tarun Singhal DIN 07056960 | Director | 01 Apr 2021 | 5 yrs 6 mo | Lohum Cleantech Private Limited, Lohum Materials Private Limited |
| Arul Kamal Mehra DIN 07645008 | Director | 01 Apr 2021 | 5 yrs 6 mo | Lohum Cleantech Private Limited |
| Farhan Ahmad DIN 10802781 | Director | 09 Oct 2024 | 2 yrs | Lohum Cleantech Private Limited |
| Vidur Talwar DIN 00114643 | Additional Director | 18 Jan 2025 | 1 yr 9 mo | Lohum Cleantech Private Limited |
| Yash Kela DIN 06987721 | Additional Director | 24 Mar 2025 | 1 yr 6 mo | Lohum Cleantech Private Limited |
| Pawan Chandra DIN 10563086 | Additional Director | 20 Aug 2025 | 1 yr 2 mo | Lohum Materials Private Limited |
People of Lohum
4 people are tracked at Lohum (4 in leadership); the tracked headcount is 181.
| Name | Role | Group |
|---|---|---|
Gazanfar Safavi | Co-Founder | Leadership |
Justin Lemmon | Co-Founder | Leadership |
| Co-Founder & Co-CEO | Leadership | |
Arun Mittal | Co-CEO & MD | Leadership |
Complete people profiles for Lohum
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Lohum
Figures of Lohum Cleantech Private Limited, the primary company behind Lohum, for FY 2025. Revenue was ₹835 Cr (+58% year on year). Net profit was ₹32.99 Cr (4% margin). EBITDA was ₹101 Cr (12% margin). Revenue has grown at a compounded annual rate of +99% over three years and +206% over five years.
- ₹835 CrRevenue · FY 2025 · +58% YoY
- ₹32.99 CrNet profit · 4% margin
- ₹101 CrEBITDA · 12% margin
- ₹14.6 LakhPaid-up capital
- 140Employees (provident fund records)
- +99%Revenue CAGR, 3 years
- +206%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lohum Cleantech Private Limited are on its company page.
Detailed financial statements for Lohum
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Lohum
4 dated milestones of Lohum across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Lohum is founded.
- Funding First funding round of $576K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $24.0M.
Competitors of Lohum
Lohum has 7 listed competitors in our database, 5 of them funded. They include A123 Systems, QuantumScape, StoreDot, Li-Cycle and Attero, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| a123systems.com | 2001 | Hangzhou, China | $201.26M | 886 | Lithium-ion batteries for automotive and industrial uses are manufactured. | |
| quantumscape.com | 2010 | San Jose, United States | $1B | 850 | Solid-state lithium-metal batteries are manufactured with anode-less cell design. | |
| store-dot.com | 2012 | Herzliya, Israel | $226M | – | Fast-charging lithium batteries for electric vehicles are developed and manufactured. | |
| li-cycle.com | 2016 | Mississauga, Canada | – | 240 | Lithium-ion battery recycling technology is developed by Li-Cycle. | |
| attero.in | 2008 | Noida, India | $31.1M | 246 | Tech-based solid waste management and recycling solutions are provided. | |
| verkor.com | 2020 | Grenoble, France | $1.34B | 143 | Lithium-ion batteries are manufactured for electric vehicles and storage. | |
| catl.com | 2011 | Ningde, China | – | – | Comprehensive solutions for electric vehicles and energy storage are provided. |
Detailed competitors of Lohum
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Lohum
The website of Lohum (lohum.com) receives about 9.8K visits a month.
- Monthly visits9.8K
▼ 23.3% vs previous month
Websites whose visitors overlap most with Lohum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| blackridgeresearch.com | 100% | 127.9K | #309,956 | View details | |
business-supp.com | business-supp.com | 46% | – | – | – |
Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Lohum (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Lohum
Complete news archive for Lohum
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Articles about Lohum on our blog
- Funding in Indian Startups [18 Jan – 23 Jan]25 Jan 2021
Frequently Asked Questions about Lohum
Lohum was founded in 2018.
Lohum is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Rajat Verma is the current CEO of Lohum. They have also founded this company.
Lohum is a funded company, having raised a total of $204.53M across 18 funding rounds to date. The company's 1st funding round was a Series B of $54M, raised on Aug 2018.
Lohum has 181 employees.
The primary company behind Lohum, Lohum Cleantech Private Limited, reported revenue of ₹835 Cr for FY 2025, up 58% year on year.
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.
Lohum's top competitors include Attero, StoreDot and Contemporary Amperex Technology.
Lohum offers Recycle with Lohum, Battery Residual Value, and EPR Partnerships.
Lohum has 113 investors. Key investors include Angel List, Ambit, Wellfound, Talbros Automotive Components, and Tracxn Labs.
The valuation of Lohum is $406.73M as of Jan 2025.
Lohum is associated with 2 legal entities: Lohum Cleantech Private Limited, Lohum Materials Private Limited.