Lohum has announced a significant investment of INR 1,000 crore to develop and manufacture next-generation ‘Manganese-rich’ LMFP lithium-ion batteries over the next three years. This ambitious plan aims to set up a capacity exceeding 20 GWh, marking a major milestone in India’s battery manufacturing industry.
Strategic partnership and expert involvement
Lohum has secured the expertise of Chaitanya Sharma, a Tesla veteran, to spearhead the development of these next-gen manganese-based lithium-ion batteries. Sharma’s extensive experience in battery technology is expected to drive innovation and enhance the company’s competitive edge in the rapidly evolving EV market.
In addition to this, Lohum has signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu to establish an integrated recycling and Cathode Active Material production facility in the state. This collaboration highlights Lohum’s commitment to sustainability and local manufacturing, aligning with the Indian government’s vision for self-reliance in critical industries.
Advantages of LMFP battery technology
The next-generation LMFP (Lithium Manganese Iron Phosphate) battery chemistry offers several advantages over conventional lithium-ion batteries. These batteries provide higher safety and longer range for electric vehicles (EVs), making them an attractive option for manufacturers. Additionally, LMFP batteries are significantly cheaper, further enhancing their appeal in cost-sensitive markets.
Major global EV manufacturers, including Tesla, BYD, and CATL, have already invested heavily in LMFP technology, recognising its potential to revolutionise the industry. Lohum’s entry into this space positions the company as a key player in the global battery supply chain.
Leveraging India’s Manganese reserves
India boasts one of the largest reserves of manganese in the world. By focusing on manganese-rich battery technology, Lohum aims to reduce India’s dependence on imported lithium, thereby enhancing the country’s energy security. This strategic move helps de-risk the lithium-ion battery supply chain from external shocks and ensures a more stable and sustainable supply of critical materials.
Rajat Verma, Founder and CEO of Lohum, emphasised the importance of this development: “Developing LMFP technology will enable Lohum to accelerate the energy transition by providing higher energy densities, increased cost-effectiveness, higher safety, sustainability, and thermal adaptability of batteries to climate change. LMFP will play a pivotal role in supporting India’s EV market and is a key stepping stone to India’s energy independence.”
Impact on India’s EV market and energy independence
Lohum’s investment in LMFP technology is poised to have a profound impact on India’s EV market. By offering a more affordable and efficient battery solution, the company aims to make electric vehicles more accessible to a broader range of consumers. This development is crucial for accelerating the adoption of EVs in India, thereby reducing the country’s carbon footprint and dependence on fossil fuels.
The integrated recycling and production facility in Tamil Nadu further strengthens Lohum’s position in the market. By focusing on the entire lifecycle of batteries, from production to recycling, the company aims to create a circular economy that minimises waste and maximises resource efficiency.
A step towards sustainable energy solutions
Lohum’s ambitious investment in manganese-rich lithium-ion batteries signifies a major step towards sustainable energy solutions in India. The development of next-gen LMFP technology promises to deliver higher performance, greater safety, and cost-effectiveness, all of which are essential for the widespread adoption of electric vehicles. With India’s vast manganese reserves, Lohum’s strategic focus on this resource not only enhances the country’s energy security but also positions it as a leader in the global battery industry.
As Lohum continues to innovate and expand its capabilities, it is set to play a crucial role in driving India’s energy transition and supporting the government’s vision of a greener, more sustainable future. This bold initiative underscores the company’s commitment to advancing battery technology and contributing to India’s journey towards energy independence.