JSW Green Mobility acquires stake in Lithium Urban in a strategic move that is expected to accelerate the growth of India’s electric vehicle (EV) commercial mobility sector. The investment in Eversource Capital-backed Lithium Urban Technologies marks a significant step toward expanding sustainable transportation while strengthening the country’s clean mobility ecosystem.
Announced on June 25, 2026, the partnership will help Lithium Urban scale its operations, expand its electric fleet and charging infrastructure, enhance technology platforms, and generate between 12,000 and 15,000 new jobs over the next two years.
Lithium Urban Plans to Triple Business in Two Years
With fresh capital from JSW Green Mobility, Lithium Urban has set an ambitious target to triple its business operations within the next 24 months. The company plans to use the investment to increase the size of its electric vehicle fleet, strengthen its charging network, and upgrade its backend technology systems.
The expansion comes at a time when India’s corporate transportation, logistics, and mobility sectors are rapidly shifting toward electric vehicles to reduce emissions and improve operational efficiency.
Strong Enterprise EV Presence Across India
Lithium Urban has already established itself as one of India’s leading enterprise EV mobility platforms. The company currently:
- Operates more than 25,000 trips every day
- Manages a fleet of over 3,00currently vehicles
- Supports operations with 1,300 charging stations
- Serves more than 100 enterprise customers across India
Its integrated business model combines electric fleets, charging infrastructure, intelligent fleet management systems, and centralized operational control, creating a scalable platform for enterprise mobility.
Leadership Sees Technology-Led Mobility as the Future
Speaking about the investment, Parth Jindal of JSW Group said India’s mobility landscape is witnessing a structural transformation driven by rapid urbanization, electrification, and digital commerce. He emphasized that integrated, technology-led mobility platforms will define the future by delivering greater reliability, efficiency, and scalability.
Meanwhile, Don Thomas, CEO of Lithium Urban Technologies, said the commercial EV opportunity extends beyond simply replacing conventional vehicles. He noted that the partnership will help accelerate electric fleet deployment, expand charging infrastructure, and strengthen the company’s technology capabilities that power its enterprise mobility platform.
Ecosystem Approach to EV Mobility
JSW Green Mobility acquires stake in Lithium Urban as both companies aim to build a more comprehensive electric mobility ecosystem. According to Dhanpal Jhaveri, CEO of Eversource Capital, future value in mobility will come from platforms capable of integrating fleets, charging infrastructure, intelligent mobility systems, and centralized operations at scale.
The investment also complements JSW Group’s growing clean mobility portfolio and creates opportunities for future synergies with its existing passenger vehicle business.
Outlook
As businesses increasingly adopt sustainable transportation solutions, JSW Green Mobility acquires a stake in Lithium Urban to capitalize on the growing demand for enterprise electric mobility. The partnership is expected to accelerate EV adoption, expand charging infrastructure, create thousands of employment opportunities, and strengthen India’s transition toward a cleaner, technology-driven transportation future.
With its goal of tripling operations and expanding nationwide, JSW Green Mobility acquires a stake in Lithium Urban at a time when the country’s EV mobility market is entering its next phase of rapid growth.
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