LOHUM & Vecmocon Partner to Power 100,000 LIB-Enabled EVs

LOHUM & Vecmocon Partner to Power 100,000 LIB-Enabled EVs

Producer of sustainable energy transition materials and Vecmocon, an Indian EV intelligence company backed by Tiger Global & Blume Ventures, have 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.

Thw two firms have joined forces to revolutionize the lifecycle management of electric vehicle (EV) batteries. The strategic partnership aims to accelerate the widespread adoption of EVs by combining the pioneering battery testing technology of LOHUM and battery intelligence and real-time data monitoring capabilities of Vecmocon.

The partnership’s technological collaboration will make batteries safer, more reliable, and long-lasting, powered by cutting-edge battery analytics. Vecmocon will integrate its data attributes collected in real-time, powered by Machine Learning algorithms, with LOHUM’s data systems, sharing important battery parameters collected through Vecmocon’s i-VEC™ drive offering. This partnership will ensure the optimal utilization of EV batteries, extending battery life, enabling second-life usage and facilitating optimal recycling of Li-ion batteries.

LOHUM’s expertise in battery second life is powered by advanced algorithms and testing technologies that estimate the remaining useful life (RUL) of batteries. LOHUM’s battery residual value determination capabilities will now be augmented by Vecmocon’s innovative Vehicle Intelligence Platform, and boost the accuracy of LOHUM’s DETX™ platform (Battery Buyback & Battery Materials Price Index) in predicting the value of batteries over time, and drive recycling decisions for end-of-life batteries.

Through a combined offering of an AI-powered battery management system (BMS), and vehicle intelligence module, Vecmocon and LOHUM plan to power over 100,000 batteries in the next two years.

Peeyush Asati, Founder & CEO, Vecmocon said, “Vecmocon and LOHUM share a common vision of a cleaner and more sustainable future, and this strategic partnership is a significant step toward achieving that goal. By combining our expertise and resources, we aim to drive the widespread adoption of electric vehicles in India and revolutionize the way we use and recycle batteries.” He added, “This collaboration will help our clients in improving the performance of their batteries & extending life thus improving vehicle performance. This collaboration will also help the complete EV ecosystem of service, insurance, finance and used vehicle marketplaces.We are super excited to partner with LOHUM in our journey.”

Rajat Verma, Founder & CEO, LOHUM stated, “We are thrilled to collaborate with Vecmocon, as the partnership aligns perfectly with our shared mission of advancing sustainable technologies. Vecmocon’s mission of making EVs intelligent & safe via its cutting-edge technology by harnessing the power of advanced battery analytics significantly aligns with our core capabilities of enabling second life use of batteries. Together, we will contribute to a closed loop circular economy and create a more sustainable ecosystem for electric vehicles in India.”

Earlier, LOHUM announced a strategic partnership aimed at addressing the critical challenge of sustainable battery disposal in the electric vehicle (EV) industry. Under the partnership, LOHUM will recycle end-of-life batteries from Altigreen electric vehicles via its NEETM™ technology, recovering 95% of high-purity battery raw materials that can be used to manufacture new batteries. LOHUM has been forging partnerships with various firms for battery solutions, such as MG Motor, ACKO among others.