A major funding milestone that strengthens India’s battery tech innovation and supports the future of clean energy

Delhi-based battery tech startup LOHUM is gearing up for its next phase of expansion as it raises INR 131.4 crore (about USD 15 million) in a fresh pre-Series C round. The investment will be led by Growth I9 Opportunity LLP, with strong participation from existing backers including Baring Private Equity, Singularity Growth, Asiana Fund, and several other notable investors.

According to regulatory filings, LOHUM’s board has approved the issue of 748 pre-Series C compulsorily convertible preference shares, priced at INR 17,56,714 each. Growth I9 Opportunity LLP will contribute INR 31.8 crore, while Baring Private Equity follows with INR 25.12 crore. Other significant contributions include INR 13.35 crore from investor Samriddhi Sehgal, INR 12.12 crore from Asiana Fund, and INR 9.83 crore from Rainbow Investments. Singularity Growth and 18 additional investors, including multiple angel investors, are expected to cover the remaining amount.

This move comes just months after LOHUM’s USD 54 million Series B round in March 2024, adding to the momentum behind one of India’s most ambitious energy-transition startups. The company noted that the new capital will support expansion across capex-linked projects, marketing initiatives, and general corporate operations, further strengthening its market position.

Founded in 2018, LOHUM has built a strong reputation in the clean energy space by producing advanced lithium-ion mobility and energy storage solutions. Its unique model focuses on giving batteries multiple lives through reuse, recycling, and raw material recovery, enabling a more sustainable and efficient supply of energy-transition materials. With an integrated system spanning battery recycling, material refining, and repurposing, LOHUM is positioning itself as a key driver of India’s circular energy economy.

Data from startup intelligence platform TheKredible shows that LOHUM has raised over USD 120 million to date, backed by major names such as Baring Equity, Singularity Growth, and Cactus Partners.

Conclusion

LOHUM’s latest funding round marks another bold step in India’s fast-growing battery tech and clean energy landscape. If you found this update insightful, don’t forget to follow, share, and comment — your engagement helps bring more stories like this to your feed.