India's EverSource acquires local EV fleet operator
India’s EverSource Capital has acquired a majority stake in Lithium Urban Technologies, a local electric vehicle (EV) fleet and charging infrastructure operator, for an undisclosed sum.
Local media have estimated the deal is worth around USD 50m. It facilitates exits for Lightrock India and the International Finance Corporation (IFC), which reportedly provided a USD 16.9m Series A round...
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