Lohum’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Lohum Cleantech Private Limited | CIN: U74999DL2018PTC331175
Lohum, founded in 2017 by Rajat Verma, is an Indian battery recycling and materials startup transforming end-of-life lithium-ion batteries into high-purity cathode and anode materials. Headquartered in Bengaluru, Lohum operates modular recycling facilities and leverages proprietary hydrometallurgical processes to achieve 95% material recovery rates. The company partners with OEMs and EV fleet operators to create a circular supply chain for batteries.
| Founding year | 2017 |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Valuation | ~$150M (2023) |
| Total Funding | $17M |
| Annual Revenue | ₹85 Cr (FY24) |
| Annual Net Loss | ₹2 Cr (FY24) |
| EBITDA Margin | -5% (FY24) |
| Employees | ~300 (FY24) |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | Mar 2020 | $2M | Blume Ventures |
| Series A | Sep 2021 | $5M | Alpha Wave |
| Series B | Jun 2023 | $10M | ABC Impact |
- Scale recycling capacity to 10,000 MT of batteries annually by FY26.
- Expand material recovery portfolio to include high-value nickel and cobalt.
- Form partnerships with global EV OEMs for off-take agreements.
- Optimize process efficiencies to reduce carbon footprint.
- Target Series C in FY25 and IPO post profitability.
In 2024, Lohum commissioned its second modular recycling plant in Gujarat, doubling processing capacity.
| Metric | Details |
|---|---|
| Revenue | ₹20 Cr → ₹50 Cr → ₹85 Cr |
| Net Loss | ₹10 Cr → ₹5 Cr → ₹2 Cr |
| EBITDA Margin | -30% → -15% → -5% |
| Employees | 150 → 220 → 300 |
| Funding | $2M → $5M → $10M |
| IPO Status | Private; planning IPO post profitability. |
| Expansion Focus | Capacity, materials portfolio, partnerships. |
| Latest News | Gujarat plant commissioning 2024 |
Lohum’s strong revenue trajectory and shrinking losses underscore its role in India’s clean energy supply chain. Continued capacity growth, material diversification, and strategic partnerships will drive its path to profitability and IPO.
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- Economic Times & Inc42: Lohum FY financials
- Tracxn: Funding round details 2020–2023
- Company press release: Gujarat plant launch
- Company website: leadership and operations
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