LOHUM & Log9 Collaborate For EV Batteries

- Advertisement -
- Advertisement -

The partnership locks in weighted battery buyback prices for Log9, powered by LOHUM’s DETX future purchase price prediction index for battery assets.

LOHUM and Log9 have signed a strategic partnership to address the critical challenge of sustainable battery disposal in the electric vehicle (EV) industry. This collaboration aims to solve the arbitrage of trust, transparency, and accountability of the residual value of the lithium-ion batteries and to accelerate the Net Zero materials transition efforts of Log9, maximising the utility of their annual production of 250 MWh LTO EV batteries after they reach end-of-first-life, by repurposing them to make second-life solutions for renewable energy storage.

This collaboration is made possible through LOHUM’s DETX platform for battery assets. Log9 introduced chemistry-based financing in EVs by attributing financial metrics peculiar to chemistry, such as LTO and residual value of LTO battery packs, which are key drivers. Log9 has been able to complete the loop of the circular economy of Lithium-ion batteries by enabling partners such as LOHUM to secure their supply well in advance.

- Advertisement -

“This breakthrough in the EV sector allows us to accelerate urban mining of key materials that go into making Lithium Ion cells. With this partnership, we are moving closer to our Net Zero goals, which fit our Pioneering Responsible Energy mission. We eagerly anticipate this collaboration to enhance our sustainability efforts significantly, ” said Pankaj Sharma, Co-founder and director, LOG9.

“We look forward to maximising the sustainability of Log9’s revolutionary and safe LTO Li-ion battery technology, as the partnership aligns perfectly with LOHUM’s focus on innovation in sustainable energy storage technologies. Log9’s mission of making EV batteries safe and hazard-proof aligns with our core capabilities of safely transporting, repurposing and recycling lithium-ion batteries. Together, we will contribute to making a safer eMobility sector for India, accelerating the adoption of sustainable and hazard-free solutions for EVs and stationary energy storage,” added Rajat Verma, Founder & CEO, LOHUM.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

How Effective Will The Global Biofuel Alliance Be?

0
From environmental benefits to economic opportunities, the potential of biofuels in revolutionising our energy landscape. India has made history by hosting the 18th G-20 summit...
Marina

Investments In Drone Industry Decline To US$1.7 billion

0
The 2023 data now separates drone company funding from AAM/eVTOL funding, which significantly boosted the total in 2020 and 2021. Drone companies received US$1.7 billion...

Now’s A Great Time To Make In India: Jabil’s BN Shukla

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

Buzz

Tata

Tata To Start Semiconductor Fab Construction Within 100 Days

0
Additionally, Tata Semiconductor Assembly and Test Pvt Ltd (“TSAT”) will set up a semiconductor unit in Morigaon, Assam. The Union Cabinet chaired by Prime Minister...

Honda Unveils 2025 CR-V e Hydrogen Fuel Cell EV In US

0
Honda announced that the 2025 CR-V e:FCEV will be available for customer leasing in California starting later this year. Honda has unveiled the 2025 Honda...
Huawei

Huawei Launches Intelligent Distribution, Reduces High Line Losses

0
IDS uses high-speed power line carrier communication (HPLC) for low-voltage communication, facilitating rapid data collection and interactive connections  at a 99% data acquisition success...

Important Sectors

Tata

Tata To Start Semiconductor Fab Construction Within 100 Days

0
Additionally, Tata Semiconductor Assembly and Test Pvt Ltd (“TSAT”) will set up a semiconductor unit in Morigaon, Assam. The Union Cabinet chaired by Prime Minister...
Marina

Investments In Drone Industry Decline To US$1.7 billion

0
The 2023 data now separates drone company funding from AAM/eVTOL funding, which significantly boosted the total in 2020 and 2021. Drone companies received US$1.7 billion...

Honda Unveils 2025 CR-V e Hydrogen Fuel Cell EV In US

0
Honda announced that the 2025 CR-V e:FCEV will be available for customer leasing in California starting later this year. Honda has unveiled the 2025 Honda...
Huawei

Huawei Launches Intelligent Distribution, Reduces High Line Losses

0
IDS uses high-speed power line carrier communication (HPLC) for low-voltage communication, facilitating rapid data collection and interactive connections  at a 99% data acquisition success...

Bosch And Microsoft Explore Safety With Generative AI

0
The companies are collaborating to harness generative AI for improved vehicle convenience and enhanced road safety. Bosch is exploring the use of generative AI to...

Manufacturing

Now’s A Great Time To Make In India: Jabil’s BN Shukla

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

MeitY Secretary: Domestic Semiconductor Manufacturing Is The Next Big Thing

0
At the India Digital Summit (IDS) 2024, S Krishnan, Secretary of MeitY, highlighted that India is on the brink of a major move towards...

Tata Picks Somerset For UK Battery Plant

0
The Bridgewater factory, operated by the subsidiary Agratas, will initially produce batteries for JLR and Tata Motors; with a capacity of 40GWh, it will...

India’s Semiconductor Manufacturing Ambition Needs A Decadal Plan

0
Explore India’s surge in semiconductor imports, the pressing need for self-reliance, and the strategic pillars reshaping the nation’s technological destiny. Artificial intelligence (AI) refers to...

India’s Battery Manufacturing Capacity To Hit 120 GWh By 2028: Official

0
The government has allocated 30GWh capacity to three companies under the PLI scheme for ACC battery manufacturing and is in the process of awarding...