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
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?