Our investment in Lohum was driven by the clear and urgent need for sustainable battery solutions, particularly in recycling, refurbishing, and reuse, an area where few players were truly focused despite the rapid shift toward battery-powered energy and mobility.

Lohum stood out for its strong R&D orientation and its ability to extract valuable materials from lithium-ion batteries with minimal waste using established, low-risk processes, supported by meaningful IP development. ...

The company had already built solid commercial traction with well-respected customers and demonstrated a viable economic model with room for further margin expansion as it scaled into higher-value segments. Most importantly, our conviction was strengthened by the resilience and drive of its founder, Rajat, whose prior entrepreneurial experience and proven execution capability gave us confidence in Lohum’s potential to become a global leader. Taken together, the combination of a mission-critical market opportunity, differentiated technology, and a strong founder made Lohum a compelling investment.

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