Lithium Urban bags investment from JSW Green Mobility, co eyes 3-fold growth in 2 years

Mumbai, Eversource Capital-backed mobility platform Lithium Urban Technologies on Thursday said it has secured a strategic investment from JSW Green Mobility as it looks to achieve three-fold growth over the next two years.

The move is aimed at accelerating the company's expansion amid rising demand for reliable, technology-enabled and sustainable mobility solutions that continue to grow across enterprise and digital mobility ecosystems, it said.

Lithium Urban Technologies said its planned expansion is expected to create 12,000-15,000 jobs while strengthening the company's integrated e-mobility platform.


The investment marks the next phase of growth for the company as it continues to expand its fleet, charging infrastructure and technology capabilities, it 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," said Parth Jindal of JSW Group.

Lithium has built a differentiated business with strong execution capabilities and high quality infrastructure, he added.

The company has built an integrated mobility platform spanning electric fleets, charging infrastructure, fleet intelligence systems and centralised operational command capabilities.

Lithium Urban Technologies currently manages over 25,000 trips daily through a network of more than 3,000 vehicles and 1,300 chargers, serving over 100 enterprise customers.

"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," said Dhanpal Jhaveri, Chief Executive Officer, Eversource Capital.

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, he said.

Meresis Advisors acted as the exclusive financial advisor to this transaction, as per the statement.