Mumbai: Integrated enterprise mobility platform Lithium Urban Technologies has announced a strategic investment from JSW Green Mobility, marking a significant milestone in the company’s growth journey.
The investment is expected to accelerate the expansion of Lithium Urban Technologies as demand for technology-enabled and sustainable mobility solutions continues to rise across enterprise and digital mobility ecosystems.
The company has outlined ambitious plans to achieve threefold growth over the next two years. The planned expansion is also expected to generate between 12,000 and 15,000 jobs, while further strengthening its integrated e-mobility platform.
Over the years, Lithium Urban Technologies has built an integrated mobility ecosystem encompassing electric fleets, charging infrastructure, fleet intelligence systems, and centralized operational command capabilities.
The company currently manages more than 25,000 trips every day through a network of over 3,000 vehicles and 1,300 chargers, serving more than 100 enterprise customers across India.
Dhanpal Jhaveri, Chief Executive Officer, Eversource Capital, said: “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.
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Lithium has built a business with strong operating foundations and this 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, Lithium has developed capabilities that are increasingly difficult to replicate at scale.
We look forward to this partnership with JSW Group, whose long-term orientation and industrial lineage add an important dimension to Lithium as it enters its next phase of value creation.”
The strategic partnership is expected to significantly accelerate the growth trajectory of Lithium Urban Technologies, enabling the company to expand its electric mobility footprint and strengthen its position in India’s evolving clean transportation ecosystem.
Parth Jindal 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.
Lithium Urban Technologies has built a differentiated business with strong execution capabilities and high-quality infrastructure. We are excited to partner with Lithium Urban as it accelerates growth and helps shape the future of clean mobility in India.”
Don Thomas, Chief Executive Officer, Lithium Urban Technologies, highlighted the significant opportunity emerging in India’s commercial mobility sector.
“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.
Over the last decade, we have built that 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.
We are pleased to welcome JSW Green Mobility as a strategic investor. Their partnership will help us accelerate electric fleet deployment, expand charging infrastructure and continue strengthening the technology capabilities that underpin our platform.”
The investment marks the next phase of growth for Lithium Urban Technologies as it continues to expand its fleet, charging infrastructure and technology capabilities.
With transportation systems becoming increasingly electrified, connected and software-enabled, the company remains focused on building the scale and operational capabilities required to support India’s evolving mobility requirements.
Meresis Advisors acted as the exclusive financial advisor to the transaction.
