JSW Green Mobility Invests in Lithium Urban Technologies backed by Eversource Capital

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Eversource Capital backed Indian mobility platform Lithium Urban Technologies has attracted a strategic investment from JSW Green Mobility as it looks to achieve three-fold growth in the next two years.

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

Currently  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. 

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 and we believe the future will be shaped by integrated, technology-led mobility platforms that can deliver reliability, operational efficiency and scale.”

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.