EverSource Capital Invests In EV Operator Lithium; IFC, Lightrock Exit

Mar 2022 Other

EverSource Capital’s Green Growth Equity Fund (GGEF), one of India’s largest climate impact funds, said it has picked up majority stake in electric vehicle fleet operator Lithium Urban Technologies Pvt Ltd (Lithium). While the financial details were not disclosed, it is understood to have invested over $50 million (around Rs 380 crore) in a combination of primary and secondary transaction rounds.