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Cleantech Start-Up Lohum Signs Agreement With Mercedes-Benz Energy

Through this agreement, Lohum will be able to get high volumes of MBE's second-use battery modules

Cleantech Start-Up Lohum Signs Agreement With Mercedes-Benz Energy
POSTED ON January 04, 2023 5:33 PM

Noida-based Lohum Cleantech Private Limited–a battery recycling start-up–has signed a pact with Mercedes-Benz Energy (MBE) to offtake a minimum of 50MWh across several second-use battery modules annually. 

With this latest development, Lohum has become the first partner of MBE to repurpose lithium-ion batteries in Asia. Both companies have been working for two years. 

Through this agreement, Lohum will be able to get high volumes of MBE's second-use battery modules. 

Focusing on Indian stationery and non-auto mobility storage markets, the company currently produces second-life battery applications. However, it is aiming to spread its footprints in North America and Europe. 

Talking about their recent collaboration, Gordon Gassman, the CEO of MBE, said, “Theirs (Lohum) is a truly long-term focus with a keen understanding that one of the biggest challenges for a second life is the unpredictability of feedstock supply and composition."

“Lohum is developing expertise and applications across multiple module variants to create a long-term supply funnel. This flexibility and model unlocks value for both parties and defines the innovation and reliability we seek in strategic partnerships," he also added.

Justin Lemmon, the co-founder and head of international operations of Lohum, said, “Mercedes-Benz Energy’s model for approaching second life is the most advanced we have seen by far. In addition to their willingness to regularly test new opportunities for collaboration, they are creating infrastructure and capabilities to maximise sustainability and value for used inventory."

"Second life remains very nascent and Mercedes-Benz Energy’s creativity, process, and commitment to safety has helped us expand our business significantly,” he added. 

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