JSW Green Mobility Invests in Lithium Urban to Expand Enterprise EV Mobility

JSW Green Mobility has made a strategic investment in enterprise electric mobility company Lithium Urban Technologies, marking its entry into the company's next phase of expansion as demand for electric fleet solutions grows across corporate and digital mobility segments.

The financial terms of the transaction were not disclosed.

Backed by Eversource Capital, Lithium Urban Technologies operates an integrated enterprise mobility platform comprising electric fleets, charging infrastructure, fleet intelligence systems and centralised operations. The company currently manages more than 25,000 trips a day through a network of over 3,000 electric vehicles and 1,300 charging points, serving more than 100 enterprise customers.

According to the company, the investment will be used to expand its electric fleet, strengthen charging infrastructure and further develop its technology platform. Lithium is targeting threefold growth over the next two years and said its expansion plans are expected to generate between 12,000 and 15,000 jobs.

The investment comes as fleet electrification gathers pace in India, particularly in corporate employee transportation, ride-hailing and logistics, where operators are increasingly adopting integrated fleet management and charging solutions.

"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," said Don Thomas, Chief Executive Officer, Lithium Urban Technologies.

JSW Green Mobility, the electric mobility arm of the JSW Group, said the partnership aligns with its strategy of building an integrated electric mobility ecosystem spanning passenger vehicles, commercial fleets, battery technologies, charging infrastructure and mobility services.

For Lithium, the investment represents the next stage of growth as it scales its fleet, charging network and operational capabilities to support India's transition towards electric mobility. Merisis Advisors acted as the exclusive financial advisor for the transaction.