First Ever Future Contract Written on Lithium Battery Space between LOHUM & Log9

LOHUM, a sustainable energy transition materials producer, based in India and Log9, a Indian Deep Tech company specialising in Advanced EV battery technology

LOHUM, a sustainable energy transition materials producer, based in India and Log9, an Indian Deep Tech company specialising in Advanced EV battery technology have announced a strategic partnership. This partnership locks in weighted battery buyback prices for Log9, powered by LOHUM’s DETX™ ‘future purchase price’ prediction index for battery assets.

This partnership aimed at addressing the critical challenge of sustainable battery disposal in the electric vehicle (EV) industry. This collaboration aims to solve for the arbitrage of trust, transparency, and accountability of the residual value of the lithium-ion batteries. This collaboration focuses on accelerating the Net Zero materials transition efforts of Log9. This effort aims at maximizing the utility of their annual production of 250 MWh LTO EV batteries after they reach end-of-first life. Their aim is to achieve this by repurposing them to make second-life solutions for renewable energy storage.

This collaboration is facilitated through LOHUM’s DETX™, a platform for battery asset trading that enables energy transition for stakeholders. It helps to make decisions based on accurate, transparent, weighted future battery buyback and battery material prices. It provides an insight into battery material trade, DETX™ It empowers Log9 to lower the emissions of their LTO batteries and maximize profitability of all their batteries at any stage of life.

Log9 introduced chemistry-based financing in EVs by attributing financial metrics peculiar to a chemistry such as LTO. The Log9 works to complete the loop of circular economy within the Lithium-ion batteries by enabling partners such as LOHUM to secure their supply well in advance.

Furthermore, Log9 has been supporting tokenization of batteries. This is to ensure that all the batteries are being supplied for second life usage and are backed by a digitized ledger of usage data. Thereby enabling the recyclers with accurate predictability of SOH for all their input materials says Vinay Iyer, VP Finance, Log9

The Indian EV industry’s rapid growth is driving up battery demand just as swiftly, which also indicates an incoming battery waste crisis. At the forefront of this energy transition challenge, LOHUM and Log9 have joined hands to establish a stable and innovative framework for a responsible disposal of Log9’s LTO batteries. Which are long-life batteries capable of more than 15,000 cycles in EV use cases. LOHUM as an Extended Producer Responsibility (EPR) partner registered under India’s Battery Waste Management Rules (BWMR 2022) will enable Log9 to seamlessly meet its material recovery targets when its LTO batteries reach the end of their life in their first application.

Log9 is taking up R&D challenges to advance LTO battery technology, pioneering a battery chemistry that has the potential to make EVs drastically safer. Some advantages of LTO batteries include longer cycle life, faster charge times, higher thermal stability and overall safety. The LTO batteries serve almost all of the same applications as LFP or NMC batteries, without drawbacks of conventional batteries.

“Our aspiration at Log9 is aligned with India’s commitment to achieving Net Zero goals and contributing to a sustainable planet. Through Lohum’s DETX platform, we play a vital role in this journey by responsibly recycling and repurposing EV batteries, ensuring a zero carbon footprint. This breakthrough in the EV sector allows us to accelerate urban mining of key materials that go into the making of Lithium Ion cells. With this partnership we are moving closer to our Net Zero goals and it fits our mission of Pioneering Responsible Energy. We eagerly anticipate this collaboration to significantly enhance our sustainability efforts.” – says Pankaj Sharma Co-Founder & Director, LOG9

“We are looking forward to maximizing the sustainability of Log9’s revolutionary and safe LTO Li-ion battery technology. Their partnership aligns with LOHUM which focuses on innovation in sustainable energy storage technologies. Log9’s aim is to make EV batteries safe and hazard-proof aligns with our core capabilities of safely transporting, repurposing, and recycling lithium-ion batteries. Together, they will contribute to making a safer eMobility sector for India, accelerating the adoption of sustainable and hazard-free solutions for EVs and stationary energy storage.” – Rajat Verma, Founder & CEO, LOHUM. LOHUM & Log9 Materials are accelerating the EV landscape in India and setting the groundwork for a clean, safe, and energy-abundant world powered by sustainable energy storage systems and low-carbon eMobility.