Author: PPD Team Date: 10/03/2025
Lohum has announced the establishment of a battery-grade lithium refinery with a capacity of 1,000 metric tonnes per annum (MTPA). The company has also begun producing value-added materials such as cathode active materials (CAM), which are essential for lithium-ion battery manufacturing.
Lohum’s lithium recovery technology boasts over 90% efficiency, significantly surpassing the industry average of 60-70%. The company aims to achieve 99.99% purity with ongoing research and development.
Additionally, Lohum plans to raise $200 million through private equity funding ahead of its Initial Public Offering (IPO) in early 2027. The funds will be raised in two parts: $100 million through a Series C funding round and another $100 million through a pre-IPO placement. The company will use the funds to expand operations, including new facilities in Gujarat, South India, the UAE, and the US. The formal fundraising process is expected to begin in the coming months.
Founded in 2018, Lohum is a key player in the processing of sustainable critical minerals. The company handles over 25,000 tonnes of critical materials annually through its patented NEETM recycling and extraction technology.