LOHUM Provides Nepal Indian Alternative to China by Supplying 25,000 MT EV Battery Materials

LOHUM Provides Nepal Indian Alternative to China by Supplying 25,000 MT EV Battery Materials

LOHUM, a producer of sustainable energy transition and battery materials through integrated recycling, repurposing, and refining, is partnering with Nepal’s EV ecosystem partners that are selling MG, Stellantis, and Tata EVs. The diverse pool of EV sector partners will also eventually include Volkswagen, Suzuki, Renault, and Mahindra EVs enter recycling, among others. The partnership will entail an estimated recycling of 200,000 batteries, and the production of battery materials over a period of five years from the batteries of EV brands sold by the partners.

This collaboration aims to make Nepal energy-abundant and self-sustaining by regenerating parallel reserves of transition materials through battery recycling, effectively disrupting China’s economic leverage over the democracy.

LOHUM has accumulated 70-80% of the battery recycling market share in India for its expertise in end-to-end battery lifecycle management, and is lowering emissions across international markets including US, Europe, the Middle East, Asia, and Africa. The company will be the exclusive extended producer responsibility partner handling end-of-life batteries for the majority of EV brands operating in Nepal.

With this partnership, Nepal takes a foundational step towards diversifying its sources of clean energy transition materials. The partnership demonstrates India’s commitment to accelerate Nepal’s journey to self-reliance and energy-independence, and effectively counters China’s debt-trap diplomacy. This development will help Nepal’s EV ecosystem stakeholders become compliant with the Aarthik Vidheyak Policy for management of end-of-life battery waste, introduced by the Government of Nepal in FY 2023.

Chetan Jain, Senior V.P. of LOHUM, stated, “This partnership is truly a game-changer. As we delve into the details of this innovative collaboration, it’s evident that the synergies are set to reshape industries and provide the necessary impetus for clean energy transition in Nepal. On our shared journey towards a carbon-neutral world, this partnership will undoubtedly catalyze the transition, and is a testament to the power of collaboration in today’s rapidly evolving business landscape. Nepal is on the cusp of an EV revolution, and its government is taking forward actions for responsible end-of-life material disposal. LOHUM is taking a lead in fulfilling these requirements and ensuring Nepal’s energy self-reliance. Their commitment to accelerating the shift towards cleaner, more sustainable energy sources is commendable.”

By advancing responsible end-of-life battery management and building a parallel supply of critical materials, this partnership will play a vital role in reducing the CO2e of the vast majority of EVs in Nepal. The recycled energy transition materials can then recirculate in Nepal’s battery ecosystem indefinitely, driving the volatile region a step closer to geo-economic stability and net zero targets.

Recently, LOHUM and Vecmocon, an Indian EV intelligence company backed by Tiger Global & Blume Ventures, partnered to accelerate EV battery adoption and enable easy financing. The partnership aims to accelerate second-life battery use and power 100,000 LIB-enabled EVs over two years with AI-powered Battery Management System (BMS) by determining battery residual value.