Lithium Urban Technologies is an integrated enterprise mobility platform, delivering end-to-end transportation solutions that combine electric fleets, multi-form-factor mobility, charging infrastructure, intelligent fleet management and driver ecosystems.
The company manages over 25,000 trips daily through a network of more than 3,000 vehicles and 1,300 chargers, serving over 100 enterprise customers.
The investment marks the next phase of growth for Lithium as it continues to expand its fleet, charging infrastructure and technology capabilities, the company said in a statement.
With transportation systems becoming increasingly electrified, connected and software-enabled, it is focused on building the scale and operating capabilities required to support India’s evolving mobility needs, it added.
Lithium Urban targets 3x growth in two years. Its planned expansion is expected to create 12,000-15,000 jobs while strengthening the company’s integrated e-mobility platform.
“Mobility is increasingly becoming an ecosystem play, where value will accrue not to individual assets, but to platforms that can integrate infrastructure, technology and operations at scale. Lithium has built a business with strong operating foundations and this investment by JSW Green Mobility provides significant headroom for growth,” Dhanpal Jhaveri, Chief Executive Officer, Eversource Capital, said.
“India’s mobility landscape is undergoing a structural transformation, driven by rapid urbanisation, electrification and the growing scale of digital commerce. We believe the future will be shaped by integrated, technology-led mobility platforms that can deliver reliability, operational efficiency and scale. Lithium has built a differentiated business with strong execution capabilities and high-quality infrastructure,” Parth Jindal, JSW Group, said.
“India’s commercial mobility sector continues to be dominated by conventional fuel-powered vehicles. The opportunity ahead is not simply to replace vehicles, but to build the infrastructure, operating systems and technology capabilities required to make electrification work at scale,” Don Thomas, Chief Executive Officer, Lithium Urban Technologies, said.