Lohum Seeks $200 Million Funding Before IPO

Fast Summary

• Lohum,a battery recycler backed by Baring Private Equity,plans to go public in early 2027.
• The company aims to raise $200 million in private equity ahead of its IPO for expansion purposes.
• It plans to raise $100 million in a series C round and another $100 million in pre-IPO placement.
• lohum expects a capital expenditure of $200-300 million to expand production capacity over the next two years.
• Current operations include facilities producing 1,000 metric tonnes per annum of battery-grade lithium in Greater Noida.
• Expansion plans include new facilities in Gujarat and south India, as well as recycling setups in the UAE and the US.
• Lohum’s CEO Rajat Verma mentioned revenue targets increasing from ₹1,000 crore to ₹4,000 crore by 2027 with an operating profit margin of 15%.

Indian opinion Analysis

Lohum’s strategic move towards a public listing signals its confidence and ambition within the rapidly growing battery recycling industry. The planned expansion into regions like Gujarat and South india showcases its commitment to capitalize on domestic opportunities while international movements suggest an interest in broader market exposure. Achieving increased revenue targets implies that Lohum is aligning with global demand for lasting energy solutions. This aligns with India’s broader renewable energy goals and could set precedence for other companies aiming at sustainable practices.

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