- Lohum, a critical mineral refining and processing company, is planning to raise $200 million from private equity funds as it prepares for an IPO in early 2027.
- The company aims to expand its capacity in lithium, nickel, platinum, palladium, and cathode active materials across multiple locations in India.
- Lohum has already raised $100 million since its inception in 2018, with investors including Singularity Growth, Baring Private Equity, and Cactus Venture Partners.
- The company announced the expansion of its lithium refining capabilities with a new 1,000-tonnes-per-annum facility, making it one of the largest lithium refiners outside of China.
- Lohum's current annual revenue stands at around ₹1,000 crore, with plans to quadruple it by 2027 through significant capacity expansions and new projects.
Source: The Economic Times, Mint
