Battery tech startup LOHUM to begin pre-series C with $15 Mn

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Battery tech startup LOHUM is all set to raise Rs 131.4 crore (approximately $15 million) in a pre-Series C round led by Growth I9 Opportunity LLP with the participation of existing investors, including Baring Private Equity, Singularity Growth, Asiana Fund, and others.

This funding follows its $54 million Series B round raised in March 2024.

The Lohum’s board passed a resolution to approve the issue of 748 pre-Series C CCPS at an issue price of Rs 17,56,714 each to raise the amount mentioned above, according to its filing with the Registrar of…



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Battery tech startup LOHUM to begin pre-series C with $15 Mn


Battery tech startup LOHUM is all set to raise Rs 131.4 crore (approximately $15 million) in a pre-Series C round led by Growth I9 Opportunity LLP with the participation of existing investors, including Baring Private Equity, Singularity Growth, Asiana Fund, and others.

This funding follows its $54 million Series B round raised in March 2024.

The Lohum’s board passed a resolution to approve the issue of 748 pre-Series C CCPS at an issue price of Rs 17,56,714 each to raise the amount mentioned above, according to its filing with the Registrar of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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