About Lohum
Lohum is a company based in Noida (India) founded in 2018 by Gazanfar Safavi, Justin Lemmon, and Rajat Verma. Lohum has raised $204.53 million across 18 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
$204.53 M (USD)
in 18 rounds
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Latest Funding Round
$23.96 M (USD), Series C
Jul 28, 2026
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Investors
Angel List
& 112 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.
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.
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.
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Venture capital funding is directed toward edtech sectors.
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Investment management services in growth equity and public investments in India.
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Early-stage investments are targeted by the Ravi Modi Family Trust.
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Investor details for Lohum
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Investments & Acquisitions by Lohum
Investment portfolio details for Lohum
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Financial Statements - Lohum
Detailed financials for Lohum
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Lohum Comparisons
Peer comparison for Lohum
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Lithium-ion batteries for automotive and industrial uses are manufactured.
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Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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Lithium-ion battery recycling technology is developed by Li-Cycle.
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Tech-based solid waste management and recycling solutions are provided.
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Detailed competitors of Lohum
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Latest news on Lohum
Complete news archive for Lohum
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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.
As of Jun 04, 2025, the latest employee count at Lohum is 181.
Annual revenue of Lohum is $51.32M as on Mar 31, 2024.
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.