JSW Green Mobility acquires strategic stake in Lithium Urban Technologies to expand EV fleet operations in India
Type: Investment · Technology: Transport · Country: India · Announced: 2026-07-07
JSW Green Mobility has acquired a strategic stake in Lithium Urban Technologies, a provider of electric vehicle (EV) fleet services in India. The investment will enable Lithium Urban to expand its EV fleet operations threefold over the next two years, targeting a material increase in zero-emission transportation services. Lithium Urban Technologies specializes in operating EV fleets for corporate and institutional clients across major Indian cities, including Bengaluru, Delhi, and Mumbai. JSW Green Mobility, a subsidiary of JSW Group, is accelerating its investments in India's clean mobility sector to support the country's transition to electric vehicles. The transaction aligns with India's broader decarbonization goals and the government's push for EV adoption in urban transportation.
Counterparties
- Lithium Urban Technologies (Target)
- JSW Green Mobility (Investor)