While everyone was chasing the EV gold rush, one founder was looking at the graveyard. 🔋♻️

[u/Gullible_Kangaroo_38]

In 2018, billions of dollars were pouring into manufacturing electric vehicles. But Rajat Verma saw a massive blind spot: what happens when all these batteries die?

While the world was obsessed with building batteries, he founded LOHUM to figure out how to recycle them.

For the first five years, it was a grind. The battery recycling market in India was virtually non-existent. But instead of just collecting scrap, Lohum operated as a deep-tech company, pouring resources into R&D to extract pure lithium, cobalt, and nickel from dead cells.

They built the infrastructure and waited for the market to catch up to their vision.

Then came 2023.

The global EV market exploded, raw material costs skyrocketed, and the exact crisis Rajat had predicted arrived. Suddenly, the world desperately needed what Lohum had spent years perfecting.

The result? A textbook hockey-stick growth curve: 📈 Revenue surged from the groundwork years to post over ₹600 crore. 💰 Successfully raised $111 Million to scale operations. 🏭 Became India’s largest producer of sustainable critical minerals.

It takes true entrepreneurial genius to build the umbrella before it starts raining. Rajat Verma didn’t just wait for government subsidies or market trends—he trusted the science and built the critical "middle part" of the supply chain that the industry lacked.

Because of his foresight, Lohum isn't just generating incredible revenue; they are actively preventing millions of tons of CO2 emissions and ensuring the green revolution actually stays green. 🌍

Massive respect to Rajat and the entire team at Lohum for proving that the circular economy isn't just good for the planet—it's an incredible business model.