Fundz

Exclusive: Battery tech startup Lohum raises $23 Mn in ongoing Series B

Feb 09, 2024

Amount Raised

$23 Million

Round Type

Series B

DelhiEnergyRenewable Energy

Investors

Manas TondonKunal BabaniAnish VoraStride VenturesSingularity GrowthMichael B Schwab Living TrustVentureast Proactive FundChhattisgarh Investment LimitedCactus PartnersBaring Private Equity Partners

Description

Battery pack manufacturing and recycling startup Lohum Cleantech has raised $23 million in its ongoing Series B round led by Baring Private Equity Partners, with participation from Cactus Partners, Chhattisgarh Investment Limited, Ventureast Proactive Fund, Michael B Schwab Living Trust, Singularity Growth, Stride Ventures, and several angel investors.

Quick answer

LOHUM raised $23 Million in a Series B round, dated February 9, 2024. Investors: Manas Tondon, Kunal Babani, Anish Vora, Stride Ventures, Singularity Growth, Michael B Schwab Living Trust, Ventureast Proactive Fund and Chhattisgarh Investment Limited. LOHUM is based in Delhi, Delhi, India.

How much did LOHUM raise?
LOHUM raised $23 Million in a Series B round on February 9, 2024.
Who invested in LOHUM?
Manas Tondon, Kunal Babani, Anish Vora, Stride Ventures, Singularity Growth, Michael B Schwab Living Trust, Ventureast Proactive Fund and Chhattisgarh Investment Limited are named as investors in this round.
What does LOHUM do?
Lohum is a battery recycling and battery repurposing firm with immense growth opportunities both in India and globally.
Where is LOHUM based and how big is it?
LOHUM is based in Delhi, Delhi, India. Fundz records about 1,100 employees.
Who are the decision-makers at LOHUM?
Fundz holds 2 contacts at LOHUM. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as LOHUM that raised within 45 days of this round, from Fundz verified event records.

  • MyGug raised $973K (Seed) on March 25, 2024.
  • BLIXT raised $5.4M (Seed) on March 21, 2024.
  • Natrion raised $4.4M (Seed) on March 20, 2024.
  • Blue Laser Fusion raised $38M (Seed) on March 20, 2024.
  • e-peas raised $19M (Funding Round) on March 20, 2024.
  • Novocarbo raised $27M (Funding Round) on March 19, 2024.

Who to call at LOHUM, and when

A new round usually means LOHUM is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day LOHUM raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at LOHUM, from your own LinkedIn network

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Company Information

Company

LOHUM

Location

Delhi, Delhi, India

About

Lohum is a battery recycling and battery repurposing firm with immense growth opportunities both in India and globally. The company aims to contribute to India’s mission for cleantech solutions.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment LOHUM raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

LOHUM raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.