Lohum, a lithium-ion battery pack manufacturer and recycling company, is planning to make an investment of up to Rs 250 crore in the next three years to enhance its capacity with plans to foray into electric four-wheeler battery segment.
The company, which currently has battery manufacturing capacity of 300 MW hours per annum, intends to set up a new unit at Greater Noida, Uttar Pradesh, to take its total battery manufacturing capacity to a GW hour scale to respond to the surge in demand from the electric vehicles segment.
The company’s immediate goal is to set up a large integrated facility in the next 12 months, where it can manufacture up to 1,000 batteries a day, and process up to 1,000 tonne of old feedstocks a day.
The current capacity of the company is around 300 MW hours per annum and in terms of units per day it translates into about 200-250 units a day.
The company is looking to deploy around another Rs 50 crore. In the next two to three years timeframe, the company is looking to deploy an additional Rs 200 crore. The investment will go into enhancing capacities of battery packs for two-, three- and four-wheelers.
Although the company currently offers electric two-wheeler, three-wheeler battery packs along with batteries for storage application, the company has started a pilot project for electric four-wheeler batteries as well.