Noida- Lohum Cleantech Pvt Ltd., a producer of sustainable energy transition materials and Vecmocon, an EV intelligence company backed by Tiger Global & Blume Ventures, have partnered for the lifecycle management of electric vehicle (EV) batteries.
The partnership aims to accelerate the widespread adoption of EVs by combining the battery testing technology of Lohum and the battery intelligence & real-time data monitoring capabilities of Vecmocon.
Under the partnership, Vecmocon will integrate its data attributes collected in real-time, powered by Machine Learning algorithms, with Lohum’s data systems, sharing important battery parameters collected through Vecmocon’s i-VEC drive offering. This partnership will ensure the optimal utilisation of EV batteries, extending battery life, enabling second-life usage and facilitating optimal recycling of li-ion batteries.
Lohum’s battery residual value determination capabilities will now be augmented by Vecmocon’s Vehicle Intelligence Platform, and boost the accuracy of Lohum’s DETX platform (Battery Buyback & Battery Materials Price Index) in predicting the value of batteries over time, and drive recycling decisions for end-of-life batteries.
Peeyush Asati, Founder & CEO, Vecmocon said, “By combining our expertise and resources, we aim to drive the widespread adoption of electric vehicles in India and revolutionise the way we use and recycle batteries. This collaboration will help our clients in improving the performance of their batteries and extending life thus improving vehicle performance. This collaboration will also help the complete EV ecosystem of service, insurance, finance and used vehicle marketplaces.”
Rajat Verma, Founder & CEO, Lohum said, “Vecmocon’s mission of making EVs intelligent and safe via its cutting-edge technology by harnessing the power of advanced battery analytics significantly aligns with our core capabilities of enabling second life use of batteries.”
The partners plan to power over 100,000 batteries in the next two years.
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