EV battery startup Lohum raises $7 Mn from baring private equity partners


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New Delhi-based electric vehicle battery manufacturing and recycling startup Lohum Cleantech has announced that it has raised $7 Mn in a fresh round of funding from institutional investors led by Baring Private Equity Partners (BPEP). With this funding round, Lohum is looking to expand its manufacturing and recycling capabilities for EV batteries up to 700 Mwh, from its current capacity of 300 Mwh capacity.