Lithium Urban Technologies has secured a strategic investment from JSW Green Mobility, marking a significant milestone in its growth journey as the company expands its integrated electric mobility platform across India. The investment is expected to support large-scale fleet expansion, strengthen charging infrastructure, enhance technology capabilities, and create between 12,000 and 15,000 new employment opportunities over the next two years.
Lithium Urban Technologies has established itself as one of India’s leading enterprise mobility platforms, combining electric vehicle fleets, charging infrastructure, fleet intelligence systems and centralized operational command centres. The company currently manages more than 25,000 trips every day through a network of over 3,000 electric vehicles and 1,300 charging points, serving more than 100 enterprise customers across multiple industries. The partnership with JSW Green Mobility is expected to accelerate the company’s next phase of expansion as demand for sustainable and technology-driven mobility solutions continues to rise among corporate customers, digital mobility platforms and logistics operators.
Dhanpal Jhaveri, Chief Executive Officer of Eversource Capital, said the future of mobility will be driven by integrated platforms that combine infrastructure, technology and operations rather than standalone assets. He noted that Lithium has built a scalable operating platform with strong execution capabilities, and the partnership with JSW Group provides the resources required to accelerate growth while strengthening its leadership position in India’s electric mobility ecosystem.
Parth Jindal of JSW Group said India’s transportation sector is undergoing a fundamental transformation as urbanisation, electrification and digital commerce continue to reshape mobility requirements. He added that integrated mobility platforms capable of delivering reliability, operational efficiency and technology-driven services will play a central role in this transition. He expressed confidence that Lithium’s strong infrastructure and operational expertise make it an ideal partner for building the future of clean mobility.
Don Thomas, Chief Executive Officer of Lithium Urban Technologies, said the opportunity extends beyond replacing conventional vehicles with electric alternatives. According to him, long-term success depends on building the complete ecosystem comprising charging infrastructure, intelligent fleet management systems, network operations and digital technologies that enable electric mobility to operate efficiently at scale. He added that the investment from JSW Green Mobility will accelerate fleet deployment, expand charging infrastructure and further strengthen the company’s technology platform.
The transaction positions Lithium Urban Technologies for accelerated expansion as India’s commercial transportation sector increasingly adopts connected, software-enabled and zero-emission mobility solutions. With a focus on enterprise transportation, ride-hailing, logistics and integrated charging infrastructure, the company aims to build one of India’s most comprehensive electric mobility ecosystems while supporting the country’s transition towards cleaner and more efficient transportation.
JSW Green Mobility Limited is the electric mobility arm of the JSW Group, dedicated to advancing clean and sustainable transportation solutions in India. The company is developing a comprehensive electric mobility ecosystem encompassing passenger vehicles, commercial vehicles, buses, battery technologies, charging infrastructure, and mobility services. Backed by the JSW Group’s strengths in steel, energy, infrastructure, and manufacturing, JSW Green Mobility is focused on accelerating the adoption of electric transportation through innovative technologies, operational excellence, and customer-centric solutions. Its long-term vision aligns with India’s clean energy and Make in India initiatives, supporting domestic manufacturing while contributing to lower carbon emissions and a more sustainable mobility landscape.
Eversource Capital is a leading investment platform focused on sustainable infrastructure and climate-driven businesses in India. The firm invests in companies operating across clean energy, electric mobility, and resource-efficient sectors, supporting businesses that enable the transition to a low-carbon economy. Through its sector expertise, long-term investment approach, and active portfolio management, Eversource has built and scaled several high-growth sustainable infrastructure platforms. The firm integrates environmental, social, and governance (ESG) principles across its investment strategy while promoting innovation, responsible growth, and long-term value creation.
Lithium Urban Technologies is one of India’s leading enterprise mobility platforms, providing integrated transportation solutions powered by electric vehicles, digital technologies, and intelligent fleet management. Since its inception in 2015, the company has expanded beyond EV fleet operations to develop a comprehensive mobility ecosystem serving corporate employee transportation, ride-hailing services, freight movement, hospitality, and logistics. Its platform combines electric fleets, charging infrastructure, AI-enabled fleet optimisation, safety systems, driver development programmes, and enterprise-grade operational management to deliver efficient, reliable, and sustainable mobility solutions. By integrating technology, infrastructure, and operational expertise, Lithium is helping enterprises transition towards cleaner transportation while supporting India’s broader net-zero and sustainable mobility objectives.
