EverSource Capital buys majority stake in EV start-up Lithium for over $50 mn
Mar 2022 Other
Lithium claims to be the largest operator of electric cars in India, providing services to marquee clients since 2015, with a presence in 15+ cities.
EverSource Capital, manager of India’s largest climate impact fund, has announced that it is acquiring a majority stake in EV start-up Lithium Urban Technologies Pvt Ltd. Lithium claims to be the largest operator of electric cars in India, providing services to marquee clients since 2015, with a presence in 15+ cities. The companies claim that this is the biggest deal in the EV passenger mobility segment. Sources privy to the development told Business Today that the deal could be valued at over $50 million.