Poonawalla Vision Fund, alongside several family offices, has committed ₹230 crore to Lohum Cleantech to accelerate operations in battery recycling and critical mineral recovery.
The investment underscores growing institutional interest in India's domestic processing capabilities for materials essential to the electric vehicle and renewable energy sectors.
Lohum, founded in 2018, positions itself at the intersection of India's energy transition and the broader 'China+1' manufacturing strategy.
The company's business model spans the recovery of critical minerals and the production of advanced materials, aiming to reduce reliance on imported processed inputs.
This capital injection is expected to support scaling of its recycling infrastructure and expansion of its material recovery portfolio.
The deal highlights a shift in investment focus toward the upstream and midstream segments of the clean energy value chain.