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battery recycling

Battery Mfg Startup Lohum Cleantech Raises $7 Million

Lohum Cleantech, the New Delhi-based battery manufacturing and recycling startup with its plant in Greater Noida, has raised $7 million (Rs 51 crores) in a fund raise from institutional investors led by Baring Private Equity Partners. A report quoting the information released today. In an interview to SaurEnergy last year, company founder Rajat Verma had […]

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Key Battery Metals Need Increased Investment to Meet Climate Targets

According to Wood Mackenzie’s Accelerated Energy Transition (AET) scenario, the battery raw materials supply chain requires much more investment by 2030. According to Wood Mackenzie’s Accelerated Energy Transition (AET) scenario, which sees global warming limited to 2.5 degrees (Celsius), the battery raw materials supply chain requires much more investment by 2030. The AET brings electric […]

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Mercedes-Benz and CATL Expand Partnership on EV Battery Technology

Mercedes-Benz and CATL have entered the next stage of their partnership and will create cutting-edge battery technology for the German firms’ EV portfolio. Mercedes-Benz and Contemporary Amperex Technology Limited (CATL) have entered the next stage of their strategic partnership and will create cutting-edge battery technology in support of the high-volume electrification of the Mercedes-Benz model portfolio. […]

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Let’s Make India The Recycling Hub Of The World: Rajat Verma

As India takes slow and steady steps towards e-mobility, the big opportunity you won’t hear about is recycling of batteries. Especially critical considering the high cost of Lithium-Ion batteries, and the sourcing risk for raw materials. Enter Rajat Verma, Founder at Lohum Cleantech. The firm is into manufacturing of 1st and 2nd life battery packs […]

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Hyundai, Kia & LG Chem Looking to Invest in EV and EV Battery Startups

Hyundai, Kia and LG Chem are jointly sponsoring a global competition to identify up to 10 EV and battery startups for potential investment and collaboration With demand for EVs growing, Hyundai Motor Company, Kia Motors Corporation, and LG Chem are jointly sponsoring the “EV & Battery Challenge” (EVBC), a global competition to identify up to […]

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Govt Drafts New Battery Waste Management Rules; Seeks Suggestions

The government has drafted new rules for battery waste management that will make it the responsibility of manufacturers, importers, assemblers and re-conditioners to collect used batteries against the new ones sold by them. According to an official notification, the proposed draft rules known as the ‘Battery Waste Management Rules, 2020’ include all kinds of batteries as listed in the Schedule-I, regardless […]

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Lithium-Ion Battery Market to Grow at 22.58% CAGR: Report

The lithium-ion (Li-Ion) battery market is expected to grow at a CAGR of approx. 22.58 percent, during the forecast period between 2018-2025, said Mordor Intelligence in its report. According to the market intelligence and advisory services provider firm, the major factors driving the market includes – emergence of new and exciting markets; via electric vehicle (EV) and energy storage […]

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Recycling Lithium-ion Batteries a $1,000 Mn Opportunity in India

The lithium-ion batteries market is expected to grow exponentially in the next five years in India, and a new analysis has predicted the recycling of such batteries could present a USD 1000 million opportunity by 2030 The lithium-ion batteries market is expected to grow exponentially in the next five years in India. Some of the […]

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India Mulls Subsidies for Battery Manufacturing

The government is in the process of zeroing down a direct subsidy plan for battery manufacturing in the country. The government is working on a direct subsidy plan of about Rs 700 crores which will aim to attract Indian as well as foreign firms to play a part in domestic manufacturing of batteries. Benefits such […]

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