Lithium-ion battery pack maker Lohum secures $54m Series B funding for market expansion and recycling operations.

Lithium-ion battery pack maker Lohum has secured $54m in Series B funding from investors including Singularity Growth, Baring Private Equity, Cactus Venture Partners and Venture East. The company will use the funds to fuel its market expansion, scale up recycling operations across India, and expand to new energy transition materials markets in North America, the EU, the Middle East, Africa, and Asia.

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