Lohum utilizes its patented NEETM™ technology to recycle lithium-ion batteries, recovering critical materials such as lithium, cobalt, and nickel while achieving a 95% yield. This process addresses the environmental impact of battery waste and reduces reliance on mining by creating a closed-loop supply chain for sustainable battery materials.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing reliance on lithium-ion batteries in electric vehicles and energy storage systems is creating a growing stream of battery waste. Traditional methods of raw material extraction, such as mining, are environmentally intensive and contribute to the depletion of finite resources. A lack of transparency in refining and recycling processes further exacerbates environmental and humanitarian concerns.
Solution
Lohum provides comprehensive battery lifecycle management solutions, focusing on recycling, repurposing, and low-carbon refining to create a circular economy for battery materials. Using its patented NEETM™ technology, Lohum recovers high-purity battery raw materials, including lithium, cobalt, nickel, and manganese, from end-of-life lithium-ion batteries with a 95% yield. The company's DETX™ index helps OEMs and financiers determine the residual value of lithium-ion batteries, unlocking optimal second-life applications. Lohum also offers Extended Producer Responsibility (EPR) partnerships, providing traceability and BWMR-compliant recycling certificates.
Target Audience
Lohum serves OEMs, dealerships, and financiers in the electric vehicle and energy storage sectors, as well as battery manufacturers seeking to fulfill their Extended Producer Responsibility (EPR).
Features
- Patented NEETM™ recycling technology for high-yield recovery of battery materials
- DETX™ index for real-time pricing and valuation of used batteries
- Traceability and EPR portal for compliance and reporting
- Repurposing of 2nd life Li-ion batteries for energy storage applications
- Production of high-purity battery raw materials for cathode and anode production
- Reverse logistics services for safe and convenient battery transportation
- Low-carbon refining processes to minimize environmental impact