Race Energy Partners With Lohum For EV Battery Recycling
Race Energy, a deep-tech electric vehicle (EV) infrastructure company for battery swapping, has partnered with Lohum, a producer of sustainable energy transition materials via recycling, repurposing, and refining, to tackle EV battery waste and identify second life use applications.
Aligning with the mandate under EPR (Extended Producer Responsibility) guidelines for responsible battery management, the company is aiming that via this partnership, 90 per cent of raw materials from Race's used batteries can be recycled/refurbished.
Speaking on the partnership, Gautham Maheswaran, Co-Founder of Race Energy, said in a statement “With our in-house software, we incentivise drivers and encourage them to efficiently use their batteries for shorter ranges, enabling them to be utilised to a much lower State of Health (SOH) level. The raw materials extracted from the batteries will feed into Lithium-ion cell manufacturing, thus creating a circular economy for EV batteries in India.”
Lohum's role involves procuring these batteries from Race, subjecting them to rigorous testing, and exploring potential alternative uses, thus promoting a circular economy.
Chetan Jain, Senior VP – Business, Lohum, expressed “This partnership with Race enables us to further expand the supply of clean energy transition materials needed for the manufacturing of new batteries via recycling while easing the demand for mined primary raw materials that need to be imported to power India’s expeditiously growing EV ecosystem, via repurposing.”
In June 2023, Race Energy inaugurated its battery manufacturing facility – equipped with a 50 MWh production plant with a capacity to deploy 30,000 batteries annually.
