# Lithium Urban Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lithium-urban-technologies-pvt

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bangalore, India
- Website: www.project-lithium.com
- Total disclosed funding: $34M
- Latest round: Series C (Mar 28, 2022)
- Investors on record: 2

## About

Lithium Urban Technologies Pvt. Ltd. specializes in electric mobility solutions, focusing on Mobility as a Service (MaaS) for corporate clients. The company emphasizes operational efficiency, sustainability, and innovative technology in its offerings.Lithium Urban Technologies Pvt. Ltd. was founded in 2015 in Bangalore, India, focusing on providing electric mobility services. The founder, Sanjay Krishnan, has previous entrepreneurial experience. The company has completed 4 funding deals, with the most recent being a SERIES C round in March 2022, raising INR 1893.42 million from EverSource Capital, which brought their total capital raised to INR 1893.42 million and their valuation to INR 4997.08 million.Lithium Urban Technologies offers comprehensive electric mobility solutions primarily focusing on Mobility as a Service (MaaS) for corporate clients across various sectors. Their core offerings include a fully electric fleet powered by advanced AI technology, providing operational transparency, energy efficiency, and seamless connectivity. The company also delivers a robust charging infrastructure that minimizes range anxiety for users by ensuring accessibility through both fast and slow chargers. Their services target organizations seeking eco-friendly transportation solutions for employee commuting, business travel, and logistics operations, with clients in cities like Bangalore, Mumbai, Delhi, and Hyderabad.In 2023, Lithium Urban Technologies reported a revenue of INR 9,106,114.70 with an EBITDA of -INR 1,824,148.60, demonstrating their current financial standing through structured B2B service agreements that support sustainable corporate transport solutions.Following the SERIES C funding round in March 2022, Lithium Urban Technologies plans to utilize the INR 1893.42 million raised to enhance its technology platform, expand its electric vehicle fleet, and improve charging infrastructure across India. They aim to introduce new products designed for enhanced operational efficiency, targeting expansion into more cities within the Indian market by 2025.

## Funding rounds

- Series C, Mar 28, 2022, $25M — Eversource Capital
- Series B, Jun 11, 2018, $9M — Lightrock

## Investors

- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B
- Eversource Capital (https://capitalatlas.ai/funds/eversource-capital) — Series C