On Wednesday, lithium-ion battery pack manufacturer and recycling company Lohum announced a ₹1,000 crore investment over the next three years to develop and manufacture manganese-based lithium-ion batteries.
The company disclosed that it has appointed Tesla veteran Chaitanya Sharma to spearhead this ambitious project.
Lohum aims to bolster its capabilities in battery technology, aligning with the growing demand for sustainable energy solutions globally. This investment underscores Lohum’s commitment to scaling production capacity and enhancing technological advancements in battery manufacturing.
The move comes as part of Lohum’s strategy to capitalize on the burgeoning market for electric vehicles (EVs) and renewable energy storage systems, positioning itself as a key player in the battery industry’s evolution towards more efficient and eco-friendly solutions.
