JSW Green Mobility invests in Lithium Urban Technologies

JSW Green Mobility has announced a strategic investment in Lithium Urban Technologies, an enterprise mobility platform backed by Eversource Capital. This partnership brings together JSW Group’s industrial and manufacturing capabilities, Eversource Capital’s sustainable infrastructure expertise, and Lithium’s operational experience in clean mobility.

According to the company, it currently manages over 25,000 trips daily through a network of 3,000+ electric vehicles and 1,300 chargers, serving more than 100 enterprise customers.

The company operates an integrated platform spanning electric fleets, charging infrastructure, fleet intelligence systems, and centralized operational command capabilities. It is targeting 3x growth over the next two years, with the planned expansion expected to create 12,000–15,000 jobs.

India’s commercial mobility sector continues to be dominated by conventional fuel-powered vehicles. The companies said the partnership will support Lithium Urban Technologies’ expansion of electric fleets, charging infrastructure, and technology platforms as demand for enterprise mobility solutions grows across commercial and digital mobility segments.

Dhanpal Jhaveri, Chief Executive Officer of 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.”

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 of 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.”

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