logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

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

Feb 09, 2024•almost 2 years ago

Amount Raised

$23 Million

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.

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.

Related People

5 contacts

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech