LOHUM to Invest ₹2,000 Crore in India’s Largest Battery Recycling Plant
LOHUM, a leading name in sustainable energy transition materials, is making a significant move to bolster India’s battery recycling capabilities. The Greater Noida-based company has announced an investment of over ₹2,000 crore to establish the country’s largest battery recycling plant at the future mobility park in Shoolagiri, Krishnagiri district.
This massive project, spanning 65 acres, is expected to generate at least 1,000 jobs once fully operational, marking a significant boost to the local economy and the nation’s recycling infrastructure.
📌 Sustainable Energy and Battery Recycling: The Future
LOHUM is a prominent player in the field of sustainable energy, specializing in the recycling, repurposing, and refining of battery raw materials with a focus on low-carbon processes. The upcoming facility in Krishnagiri will have a production capacity of 20 gigawatt hours (GWh) of cathode active materials (CAMs) used in battery cell manufacturing. This substantial capacity will support the increasing demand for lithium-ion batteries driven by the growth of electric vehicles (EVs) and other applications.
📌 Advancing Sustainable Use of Critical Minerals
Sachin Maheshwari, head of Corporate Development at LOHUM, emphasized the plant’s dual role in recycling used batteries and processing electrical and rare earth magnets. This initiative aligns with LOHUM’s commitment to sustainable use of critical minerals such as cobalt, lithium, and platinum. The company aims to contribute to the circular economy by ensuring these valuable materials are recycled and reused, reducing dependence on mining and lowering environmental impact.
📌 Lohum Net-Zero Energy Goal
One of LOHUM’s primary goals for the new plant is to achieve net-zero energy usage. This commitment to sustainability is reflected in their plans to scale up research on rare earth metals and optimize their recycling processes. The company is already a significant player in India’s battery recycling market, operating eight plants in Greater Noida and Gujarat with a combined capacity of 150 megawatt hours.
📌 Global Expansion and Future Prospects
LOHUM is not just focusing on India; it has ambitious plans for global expansion. The company is setting up another plant in the United Arab Emirates and has intentions to expand into North America, the European Union, and other regions. Recently, LOHUM raised $54 million in a Series B funding round led by Singularity Growth and other investors, which will fuel this international growth and strengthen their research and development efforts.
