About Lithium Urban Technologies
Lithium Urban Technologies is a company based in Bengaluru (India) founded in 2015 by Sanjay Krishnan was acquired by EverSource Capital in March 2022.. Lithium Urban Technologies has raised $26.78 million across 6 funding rounds from investors including KPIT, International Finance Corporation and INDAG Rubber. The company has 510 employees as of May 14, 2024. Lithium Urban Technologies has completed 1 acquisition, including Smart Commute. Lithium Urban Technologies operates in a competitive market with competitors including eee-Taxi, MyOfficeCab, Easy2Commute, TrustPool and Employee Comfort Pool Program, among others.
- Headquarter Bengaluru, India
- Employees 510 as on 14 May, 2024
- Founders Sanjay Krishnan
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lithium Urban Technologies Private Limited
- Date of Incorporation 20 Oct, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$10.02 M (USD)158.11as on Mar 31, 2023
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Net Profit
$-6.04 M (USD)-272.78as on Mar 31, 2023
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EBITDA
$-2.84 M (USD)-42.69as on Mar 31, 2023
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Total Equity Funding
$26.78 M (USD)
in 6 rounds
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Latest Funding Round
$7.52 M (USD), Series B
Mar 28, 2019
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Investors
KPIT
& 40 more
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Employee Count
510
as on May 14, 2024
- Investments & Acquisitions
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Acquired by
EverSource Capital
(Mar 21, 2022)
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Funding Insights of Lithium Urban Technologies
Lithium Urban Technologies has successfully raised a total of $26.78M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $7.52 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $7.5M
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First Round
First Round
(03 Feb 2015)
- Investors Count 40
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series B - Lithium Urban Technologies | Valuation | IFC |
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| Apr, 2018 | Amount | Series A - Lithium Urban Technologies | Valuation | Lightrock India | |
| Jan, 2017 | Amount | Series A - Lithium Urban Technologies | Valuation | Virya Mobility , INDAG Rubber |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lithium Urban Technologies
Lithium Urban Technologies has secured backing from 41 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include KPIT, International Finance Corporation and INDAG Rubber. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Private equity firm focused on healthcare, renewable energy, education, and other sectors
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Founded Year | Domain | Location | |
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Infrastructure investment and management are conducted in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lithium Urban Technologies
Lithium Urban Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Smart Commute. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of commute planning and optimization tools
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lithium Urban Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lithium Urban Technologies Comparisons
Competitors of Lithium Urban Technologies
Lithium Urban Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eee-Taxi, MyOfficeCab, Easy2Commute, TrustPool and Employee Comfort Pool Program, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tech-enabled platform offering electric vehicle ride-hailing management solutions
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| domain | founded_year | HQ Location |
Eco-transportation solutions for corporate employees are provided end-to-end.
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| domain | founded_year | HQ Location |
Offers an online booking platform for corporate carpooling services.
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| domain | founded_year | HQ Location |
Online carpooling services for corporate employees are enabled.
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| domain | founded_year | HQ Location |
Offers an online platform and app for organizational carpooling.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lithium Urban Technologies
Frequently Asked Questions about Lithium Urban Technologies
When was Lithium Urban Technologies founded?
Lithium Urban Technologies was founded in 2015.
Where is Lithium Urban Technologies located?
Lithium Urban Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Lithium Urban Technologies?
Sanjay Krishnan is the current CEO of Lithium Urban Technologies. They have also founded this company.
Is Lithium Urban Technologies a funded company?
Lithium Urban Technologies is a funded company, having raised a total of $26.78M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.06M, raised on Feb 03, 2015.
How many employees does Lithium Urban Technologies have?
As of May 14, 2024, the latest employee count at Lithium Urban Technologies is 510.
What is the annual revenue of Lithium Urban Technologies?
Annual revenue of Lithium Urban Technologies is $10.02M as on Mar 31, 2023.
What does Lithium Urban Technologies do?
Founded in 2015 in Bengaluru, India, Lithium Urban Technologies operates in the ride-hailing sector. An online platform is utilized for booking rides, where locations, user details, and payment information are provided. The system encompasses software, electric vehicle fleets, and charging infrastructure tailored for corporate clients. A cloud-based transportation management solution is offered, with cabs fitted with cameras, GPS, and WiFi capabilities.
Who are the top competitors of Lithium Urban Technologies?
Lithium Urban Technologies's top competitors include eee-Taxi, MyOfficeCab and TrustPool.
How many acquisitions has Lithium Urban Technologies made?
Lithium Urban Technologies has made 1 acquisition, including Smart Commute.
Who are Lithium Urban Technologies's investors?
Lithium Urban Technologies has 41 investors. Key investors include KPIT, International Finance Corporation, INDAG Rubber, Virya Mobility, and EverSource Capital.
What is Lithium Urban Technologies's valuation?
The valuation of Lithium Urban Technologies is $39.51M as of Mar 2019.