Lohum Gears Up for 2027 IPO with $200M Pre-IPO Push

Lohum Cleantech, a pioneer in lithium-ion battery recycling and reuse, has announced it is raising $200 million before its expected IPO in 2027. The capital will be used to fund its aggressive global expansion and expansion of manufacturing and recycling capacities. With a vision to become an international center for sustainable energy materials, Lohum plans to expand recycling capacity by ten times and double manufacturing capacity to keep pace with skyrocketing demand in the EV and energy storage industries. This step is in line with its plan for dominating the circular economy for key battery materials.
Source: Economic Times