Lithium Urban Technologies has acquired end-to-end employee transport software provider Smart Commute
Okinawa to invest INR 150 Cr to develop manufacturing facility in Rajasthan, to produce 10 Lakh scooters
Hyundai aims to sell 1 Mn electric vehicles by 2025, to achieve 10% share in EV market
Bengaluru-based electric vehicle (EV) fleet provider Lithium Urban Technologies has acquired end-to-end employee transport software provider SmartCommute in a bid to increase its mobility offering.
SmartCommute was founded in 2014 by Ajit Patil and Gajanan Sakhare. It provides a software-as-a-service (SaaS)-based platform to help corporations with their employee transportation needs. The company offers automated rostering, back-to-back cab routing, trip allocations, real-time tracking features, risk management, personal safety management, automated billing and data analytics.
Pre-pandemic, the company was commuting about 30K employees through 3K vehicles on a daily basis across Bengaluru, Mumbai, Pune, Kolkata, New Delhi, and Hyderabad. The company’s client portfolio included Capgemini, L&T Infotech, KPIT, TCS and more.
With integration of SmartCommute into its platform, Lithium will be equipped to expand further into the transportation segment with freight and rapid bus transit offerings, among others. Further, Lithium will also cater to both electric and non-electric vehicles, making it a one-stop-solution for smart transportation services across different form factors.
“SmartCommute comes with a demonstrated expertise in high-end tech-enabled solutions for smart rostering and AI-enabled routing that can considerably optimise operations and costs for clients. With this acquisition, we aim to expand our presence in the larger transportation and mobility ecosystem and provide full-stack services, going beyond sustainable corporate mobility solutions. Moreover, we are aiming to help clients seamlessly transition from ICE to electric vehicles given the tight integration that this platform will provide, with EVs’ charging station telematics, and scheduling algorithms,” Sanjay Krishnan, founder of Lithium, said.
Founded in 2015, Lithium Urban is a zero-emission transport service that provides connected EV fleets and associated charging infrastructure to institutions, companies and other private entities. EVs from Tata Motors Ltd and Mahindra and Mahindra comprise the bulk of its B2B electric fleet. The company had also started acquiring electric buses and sport-utility vehicles (SUVs) to expand its fleet and enter new segments.
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