Lithium Urban Technologies, a leading integrated enterprise mobility platform, today announced a strategic investment from JSW Green Mobility.
The company has built an integrated mobility platform spanning electric fleets, charging infrastructure, fleet intelligence systems and centralised operational command capabilities.
The company manages over 25,000 trips daily through a network of over 3,000 vehicles and 1,300 chargers, serving over 100 enterprise customers.
Dhanpal Jhaveri, Chief Executive Officer, Eversource Capital, said Lithium Urban has built a business with strong operating foundations and the investment by JSW Green Mobility provides significant headroom for growth.
By combining fleets, charging infrastructure, intelligent mobility systems and centralised operational oversight within a single platform, the company has developed capabilities that are increasingly difficult to replicate at scale, he said.
The strategic partnership will accelerate the company’s expansion as demand for reliable, technology-enabled and sustainable mobility solutions continues to grow across enterprise and digital mobility ecosystems.
Parth Jindal scion of JSW Group 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,” he said.
Don Thomas, Chief Executive Officer, Lithium Urban Technologies said over the last decade, the company has built the foundation spanning charging infrastructure, fleet intelligence systems and centralised Network Operations Centres.
“We believe the market will increasingly shift to organised platforms that can deliver reliability, safety and operational efficiency. Lithium’s technology-enabled platform is well-positioned to accelerate that transition,” he said.
The investment marks the next phase of growth for Lithium as it continues to expand its fleet, charging infrastructure and technology capabilities.
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. Meresis Advisors acted as the exclusive financial advisor for this transaction.