LOHUM, Vecmocon partner on second-life battery use, AI-powered BMS for EV batteries

Indian firms LOHUM and Vecmocon have have recently joined hands to work on lifecycle management of electric vehicle (EV) batteries. The partnership aims to accelerate second-life battery use and power 100,000 li-ion batteries-powered EVs over 2 years with AI-powered BMS by determining battery residual value.

According to the companies, the strategic partnership aims to combine the pioneering battery testing technology of LOHUM and battery intelligence and real-time data monitoring capabilities of Vecmocon. The activities will ensure the optimal utilization of EV batteries, extending battery life, enabling second-life usage and facilitating optimal recycling of Li-ion batteries, they claim. 

Vecmocon will integrate its crucial data attributes collected in real-time, powered by Machine Learning algorithms, with LOHUM's data systems, sharing important battery parameters collected through the former's 'i-VEC' drive offering.

"Vecmocon and LOHUM share a common vision of a cleaner and more sustainable future, and this strategic partnership is a significant step toward achieving that goal", said Peeyush Asati, Founder and CEO, Vecmocon. "By combining our expertise and resources, we aim to drive the widespread adoption of electric vehicles in India and revolutionize the way we use and recycle batteries".

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He further added, "This collaboration will help our clients in improving the performance of their batteries & extending life thus improving vehicle performance. This collaboration will also help the complete EV ecosystem of service, insurance, finance and used vehicle marketplaces."

LOHUM's expertise in battery second life, on the other hand, is powered by advanced algorithms and testing technologies that estimate the remaining useful life (RUL) of batteries. Battery residual value determination capabilities will now be augmented by Vecmocon's innovative Vehicle Intelligence Platform.

Further, the collaboration will boost the accuracy of LOHUM's 'DETX' platform (Battery Buyback and Battery Materials Price Index) in predicting the value of batteries over time, and drive recycling decisions for end-of-life batteries, according to the companies. 

Rajat Verma, Founder and CEO, LOHUM, commented, "The partnership aligns perfectly with our shared mission of advancing sustainable technologies". 

"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 2nd life use of batteries. Together, we will contribute to a closed loop circular economy and create a more sustainable ecosystem for electric vehicles in India", he added.