Lohum Secures $54 Million for Global Expansion
POWER & RENEWABLE ENERGY

Lohum Secures $54 Million for Global Expansion

Lohum, a leading player in the energy storage solutions market, has successfully raised $54 million in Series B funding, marking a significant milestone in its journey towards global expansion. The funding round was led by prominent investors, indicating confidence in Lohum's innovative technology and strategic vision.

The substantial investment will enable Lohum to accelerate its international expansion plans and strengthen its position as a key player in the global energy storage market. The company aims to leverage the funding to scale up its manufacturing capabilities, enhance research and development efforts, and establish a stronger presence in key markets worldwide.

Lohum's advanced energy storage solutions cater to a wide range of applications, including electric vehicles, renewable energy integration, and grid stabilisation. With increasing demand for sustainable energy solutions worldwide, Lohum is well-positioned to capitalise on emerging opportunities and drive innovation in the energy storage sector.

The successful completion of the Series B funding round underscores investor confidence in Lohum's business model, technology, and growth prospects. It also reflects the growing importance of energy storage solutions in enabling the transition towards a cleaner and more sustainable energy future.

Overall, the infusion of $54 million in Series B funding represents a significant milestone for Lohum, empowering the company to accelerate its global expansion efforts and capitalise on the growing demand for advanced energy storage solutions across diverse markets worldwide.

Lohum, a leading player in the energy storage solutions market, has successfully raised $54 million in Series B funding, marking a significant milestone in its journey towards global expansion. The funding round was led by prominent investors, indicating confidence in Lohum's innovative technology and strategic vision. The substantial investment will enable Lohum to accelerate its international expansion plans and strengthen its position as a key player in the global energy storage market. The company aims to leverage the funding to scale up its manufacturing capabilities, enhance research and development efforts, and establish a stronger presence in key markets worldwide. Lohum's advanced energy storage solutions cater to a wide range of applications, including electric vehicles, renewable energy integration, and grid stabilisation. With increasing demand for sustainable energy solutions worldwide, Lohum is well-positioned to capitalise on emerging opportunities and drive innovation in the energy storage sector. The successful completion of the Series B funding round underscores investor confidence in Lohum's business model, technology, and growth prospects. It also reflects the growing importance of energy storage solutions in enabling the transition towards a cleaner and more sustainable energy future. Overall, the infusion of $54 million in Series B funding represents a significant milestone for Lohum, empowering the company to accelerate its global expansion efforts and capitalise on the growing demand for advanced energy storage solutions across diverse markets worldwide.

Next Story
Real Estate

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

Next Story
Real Estate

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

Next Story
Infrastructure Energy

Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?