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[Funding alert] Noida-based EV startup Lohum raises $7M from Baring Private Equity Partners

[Funding alert] Noida-based EV startup Lohum raises $7M from Baring Private Equity Partners
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Rajat Verma , Lohum Cleantech , Cleantech Pvt Ltd , Talbros Automotive Components Ltd , Noida Based Lithium Ion , Baring Private Equity Partners , Greater Noida , Baring Private Equity Partners India ,

[Funding alert] Noida-based EV startup Lohum raises $7M from Baring Private Equity Partners

[Funding alert] Noida-based EV startup Lohum raises $7M from Baring Private Equity Partners
The funds raised by the Noida-based EV company will be utilised in expanding its manufacturing capabilities and overseas operations.
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LohumCleantech Pvt Ltd raised $7 million in a round led by the investment firm,
Baring Private Equity Partners India. Other investors who participated in the round include
Talbros Automotive Components Ltd and a few others.
According to a statement released by the company, the funds will be utilised for accelerating the growth plans of the company to
achieve an integrated domestic capacity of 700MWh within a year. The company, which already has a manufacturing facility in Greater Noida, announced the launch of a second facility with this fundraise which will further expand the company s manufacturing capabilities. The company also plans to open a recycling plant in the US in the coming times. ....

Talbros Automotive Components Ltd , Lohum Cleantech Pvt Ltd , Noida Based Lithium Ion , Baring Private Equity Partners , Greater Noida , Lithium Ion Batteries , Rev Startups , டால்ப்ரோஸ் தானியங்கி கூறுகள் லிமிடெட் , நொய்டா அடிப்படையிலானது லித்தியம் அயன் , பாரிங் ப்ரைவேட் பங்கு கூட்டாளர்கள் , அதிகமானது நொய்டா , லித்தியம் அயன் பேட்டரிகள் , எவ் தொடக்கங்கள் ,