What sectors does Growthifye cover?

We work across the clean-energy value chain — utility-scale solar and wind, battery energy storage (BESS), power transmission networks, and the green financing structures that fund them.

Do you handle both engineering and financing?

Yes. Our differentiator is combining engineering-led advisory and EPC with an in-house green financing and debt syndication desk, so technical and financial workstreams stay aligned all the way to financial close.

Can you support transmission and grid connection?

Absolutely. We engineer HV substations and transmission lines, run grid connection and evacuation studies, and manage the interface with utilities and grid operators.

What does green financing include?

Sustainability-linked loans, green debt, blended finance and non-recourse project finance — structured, syndicated and negotiated to secure competitive, long-tenor capital.

How do we start working with you?

Share your project or mandate through the contact form or WhatsApp. We'll set up a discovery call and outline a tailored engagement across advisory, engineering, EPC or financing.

Circularity

Landmark project · India · Second-life + recycling

Lohum

Battery re-use + recyclingGreater Noida, UP

Integrated second-life repurposing and hydrometallurgical recycling — where India's circular battery value chain is taking shape.

Footage · Climate Ark · YouTube

Key numbers

2018

Founded

Greater Noida, Uttar Pradesh

approx. $54 million

Funding raised

2023 round with global investor participation

approx. >95%

Metal recovery rate

Claimed recovery of Li, Co, Ni, Mn via hydrometallurgy

approx. 1.5 GWh/yr

Recycling capacity

Initial Greater Noida facility scale

BWM Rules 2022

Regulatory driver

EPR mandate for battery producers

EV, 2W, telecom, UPS

Feedstock sources

Multiple retired-battery streams processed

Timeline

2018
LOHUM founded in Greater Noida, Uttar Pradesh, to focus on lithium-ion battery recycling and second-life repurposing.
2020
Commissions its first hydrometallurgical recovery line for extracting battery-grade metals from spent cells.
2022
Government of India notifies Battery Waste Management Rules, 2022, introducing Extended Producer Responsibility obligations for battery makers and importers.
2023
LOHUM raises approx. $54 million in a funding round backed by international investors including Mitsubishi Corporation and Mitsubishi UFJ.
2023-24
Expands tie-ups with EV OEMs and fleet operators to repurpose retired batteries into second-life stationary storage and telecom backup.
2024
Announces plans to scale black-mass refining capacity and explore international (including US) recycling operations.

Why it matters

LOHUM's Greater Noida hub shows how India can build a domestic circular value chain for lithium-ion batteries — combining second-life repurposing with hydrometallurgical recovery of lithium, cobalt, nickel and manganese. For developers of EV fleets, telecom towers and BESS, and for lenders financing storage, this model de-risks raw-material supply, creates a compliance pathway under India's Battery Waste Management Rules, and shows recycled feedstock can support bankable, PLI-aligned battery manufacturing rather than remaining a stranded-asset liability.

The India angle

As India scales EV adoption and BESS tenders under SECI, state DISCOM procurement and PM-KUSUM/PLI schemes, compliance with Battery Waste Management Rules will increasingly determine which OEMs and storage developers qualify for financing and tender eligibility. Second-life storage can be structured into hybrid RE-plus-storage bids to lower capex, while recycled cathode material offtake agreements strengthen ACC/cell manufacturing project bankability for green finance and PPP-based collection infrastructure.

What it teaches

Engineering, procurement and finance lessons

Sequence second-life before final recycling

Grading retired EV/telecom batteries for stationary storage or backup use before hydrometallurgical processing extends asset value and lowers effective levelised cost of storage — a model lenders should factor into BESS revenue stacks.

Domestic recovery reduces import exposure

Recovering lithium, cobalt, nickel and manganese onshore cuts dependence on volatile imported cathode material prices, directly supporting bankability of India's ACC-PLI cell manufacturing pipeline.

Regulation can create contracted feedstock

EPR obligations under the Battery Waste Management Rules effectively channel OEM waste streams to compliant recyclers, giving predictable feedstock volumes that lenders can underwrite against.

Modular hydromet scale-up limits overbuild risk

Capacity expansion phased against actual battery-return volumes, rather than speculative EV growth curves, protects project IRR and avoids stranded recycling capex.

Global capital signals technology bankability

International strategic investor participation in an Indian recycler validates process IP and offtake credibility, a reference point financiers can use when assessing similar circular-economy proposals.

Sources · Economic Times · Mercom India · Reuters · Ministry of Environment, Forest and Climate Change (India) · NITI Aayog

How Growthifye helps

Structuring EPR-compliant offtake and collection agreements for battery OEMs and storage developers bidding into Indian tenders.
Assessing bankability of second-life storage assets for lenders financing EV fleets, telecom backup and grid-scale BESS.
Advising PPP models for municipal and industrial battery collection networks feeding domestic recycling capacity.

Explore Circularity Talk to our engineers

More landmark projects

Battery recycling · india