The Poonawalla Vision Fund-1 (PVF1) and select family offices have invested ₹230 crore in Lohum Cleantech, a sustainable critical minerals platform, wealth management firm Ambit Global Private Client announced on Monday, July 28, 2026.
Investment Context
Lohum is described as one of the world's largest sustainable critical minerals platforms outside China, according to the official statement. The investment arrives amid growing concerns about challenges in accessing such minerals, a critical issue for global supply chains. The company operates in battery recycling, raw material recovery, and energy transition technologies, placing it at the center of rising demand for sustainable battery materials in India and abroad.
Fund Structure and Performance
PVF1 is a ₹1,050 crore Category II Alternative Investment Fund (AIF) managed by Ambit. To date, the fund has made 12 investments, with approximately 60% of its capital deployed within three months of final close. The fund is currently tracking a ~40% internal rate of return (IRR). The Poonawalla family-backed platform's strategy focuses on taking bets on high-quality growth businesses benefiting from long-term structural trends.
| Metric | Value |
|---|---|
| Investment in Lohum | ₹230 crore |
| Fund Size (PVF1) | ₹1,050 crore |
| Investments to Date | 12 |
| Capital Deployed | ~60% within 3 months of final close |
| Targeted IRR | ~40% |
| Ambit GPC Total Deployed | Over ₹8,000 crore across 26 investments |
| Current Valuations of Ambit GPC Investments | ₹22,000 crore |
Management Commentary
Amrita Farmahan, Chief Executive of Ambit GPC, stated that the firm has deployed over ₹8,000 crore through 26 high-conviction private market investments, currently valued at ₹22,000 crore. Mahesh Kuppannagari, Head of Products and Advisory at Ambit GPC, commented: "The global transition towards clean energy is fundamentally reshaping demand for critical minerals and advanced materials. Our investment in Lohum reflects our conviction in businesses that are building strategic infrastructure for the future economy with the potential to create enduring long-term value for our investors."
Lohum's Strategic Positioning
Founded in 2018, Lohum positions itself at the intersection of the global energy transition and India's China+1 opportunity. The company is well placed to benefit from accelerating EV adoption and growing demand for resilient supply chains. Lohum is expanding into next-generation advanced materials, including platinum group metals, NMC Cathode Active Materials (CAM), and rare earth magnets, as per the statement.
For finance executives and trade finance professionals, this investment underscores the mounting strategic importance of securing critical mineral supply chains outside China. The focus on battery recycling and raw material recovery addresses both environmental concerns and supply chain resilience—key factors in trade finance cost of capital and country creditworthiness. As companies seek to de-risk their sourcing strategies, platforms like Lohum may play a pivotal role in reshaping global trade flows in energy transition materials.
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