National, 25 June 2026 – Lithium Urban Technologies, one of India’s leading integrated enterprise mobility platforms, 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. Today, 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.
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. 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 will accelerate Lithium’s expansion as demand for reliable, technology-enabled and sustainable mobility solutions continues to grow across enterprise and digital mobility ecosystems.
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 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, 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.
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 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 to this transaction.
About JSW Green Mobility:
JSW Green Mobility Limited is the electric mobility platform of the JSW Group, focused on building next-generation clean mobility solutions for India. The company is driving the development of an integrated electric mobility ecosystem spanning passenger vehicles, commercial fleets, buses, battery technologies, charging infrastructure and mobility services. Leveraging the JSW Group’s leadership across steel, energy, infrastructure and advanced manufacturing, JSW Green Mobility aimsto accelerate India’stransition towardssustainable and intelligent transportation. The company is focused on delivering reliable, technology-driven mobility solutions that combine innovation, scale, operational excellence and customer-centric design. As India moves towards large-scale electrification of transportation, JSW Green Mobility is committed to supporting the country’s energy security, reducing carbon emissions and strengthening domestic manufacturing under the Make in India vision, while contributing to the creation of a cleaner and more efficient mobility future.
About Eversource Capital:
Eversource Capital is India’s leading sustainable infrastructure investor, driving transformation across energy and mobility value chains. By pioneering new industries and deploying capital at scale, Eversource is accelerating the transition towards a resilient economy through sustainable infrastructure solutions. Its first fund has built a strong track record of creating and scaling category-defining platforms across electric mobility, renewable energy and resource efficiency. With one of the largest dedicated sustainable infrastructure investment teams in India, Eversource combines deep sector expertise with a disciplined focus on value creation and financial performance. ESG principles are embedded throughout the investment process, supported by a culture of active ownership and a long-term commitment to advancing net zero goals while fostering inclusive economic growth.
About Lithium Urban Technologies:
Lithium Urban Technologies is India’s leading integrated enterprise mobility platform, delivering end-to-end transportation solutions that combine electric fleets, multi-form-factor mobility, charging infrastructure, intelligent fleet management, driver ecosystems, and enterprise-grade operational excellence. Since 2015, Lithium has evolved beyond conventional EV transportation to build a category-defining mobility infrastructure platform serving corporate employee transportation, ride-hailing, freight, hospitality, and multi-industry logistics requirements. By integrating vehicles, charging ecosystems, software intelligence, safety systems, and governance frameworks, Lithium enables enterprises to simplify transportation operations while improving reliability, efficiency, sustainability, and compliance. Lithium’s platform supportslarge-scalemobility operations acrossIndia through Corporate Employee Transportation (CET), ride-hailing partnerships, freight and logistics solutions, captive charging infrastructure, AI-led transport optimisation, driver training and welfare programmes, and robust safety and ESG governance frameworks. With deep operational expertise and a technology-enabled approach, Lithium’s differentiated strength lies in building and operating the broader mobility ecosystem—not simply providing vehicles. As enterprises accelerate their transition towards cleaner and more intelligent transportation systems, Lithium is building the integrated mobility infrastructure required to support India’s net-zero ambitions.
