JSW Green Mobility Invests in Lithium Urban to Expand Enterprise EV Mobility
Auto experts said this move could create future synergies with JSW MG Motor's growing EV portfolio in India.
Pune: JSW Green Mobility has made a strategic investment in enterprise electric mobility company Lithium Urban Technologies to accelerate an integrated electric mobility ecosystem as demand for electric fleet solutions grows in India.
The financial terms of the transaction were not disclosed.
Auto experts said this move could create future synergies with JSW MG Motor's growing EV portfolio in India.
The investment will support Lithium's expansion across electric fleets, charging infrastructure and technology platforms as demand for corporate and commercial electric mobility continues to grow.
Lithium Urban Technologies, backed by Eversource Capital, at present operates an integrated mobility platform that manages more than 25,000 trips every day through a fleet of over 3,000 electric vehicles and 1,300 charging points, serving more than 100 enterprise customers across India.
It aims to triple its business over the next two years, the company said.
The investment expands JSW Green Mobility's presence beyond vehicle manufacturing into fleet operations and mobility services.
“India’s mobility landscape is undergoing a structural transformation, driven by rapid urbanisation, electrification and the growing scale of digital commerce,” said Parth Jindal of JSW Group.
Parth Jindal
He said the future would 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,” Jindal noted, adding that he was excited to partner with Lithium Urban as it accelerates growth.
Lithium Urban said India's commercial mobility market remains largely dependent on conventional fuel-powered vehicles, creating a significant opportunity for electrification backed by charging infrastructure and intelligent fleet management.
"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,” said Don Thomas, CEO at Lithium Urban Technologies.
