PROJECT

Projects

Summary of Investment Information

Project Number

40171

Company Name

LITHIUM URBAN TECHNOLOGIES PVT LTD

Date SPI Disclosed

Apr 27, 2018

Country

India

Region

South Asia

Projected Board Date

May 29, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Jun 7, 2018
Signed : Jun 21, 2018
Invested : Mar 26, 2019

Sector

Transit and Ground Passenger Transporation

Project Description

The project consists of an IFC equity investment of up to U$8 million in Lithium Urban Technologies Private Limited (“Lithium” or the “Company”), Founded in 2014, Lithium currently provides corporate employee transportation service in Bengaluru and Delhi NCR through Electric Vehicles (“EV”), DC-Fast charging infrastructure and integrated fleet management technology to companies with large employee base and predictable travel schedules. Lithium plans to enter other business in electric mobility, which are currently being piloted.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation