Poonawalla Vision Fund invests ₹230 crore in Lohum Cleantech
The investment will support Lohum’s expansion in battery recycling, critical minerals and advanced materials amid rising demand driven by the global clean energy transition
The Poonawalla Vision Fund-1 and some family offices have invested Rs 230 crore in Lohum Cleantech, according to Ambit Global Private Client. Lohum is a prominent sustainable critical minerals platform outside China, operating in battery recycling, raw material recovery, and energy transition technologies. This investment aligns with the increasing demand for sustainable battery materials in India and globally.
The Category II AIF is managed by Ambit and has deployed 60% of its capital within three months of final close, tracking a ~40% IRR. Ambit GPC's CEO, Amrita Farmahan, highlighted the company's conviction in businesses that create long-term value, while the head of products and advisory, Mahesh Kuppannagari, noted Lohum's strategic position in the global energy transition and India's China+1 opportunity.
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