EV fleet operator Lithium Urban Technologies acquires SmartCommute
Electric vehicles fleet operator Lithium Urban Technologies has announced that it has procured SmartCommute, an end-to-end employee transport services platform.
With the procurement of SmartCommute, which was founded in 2014 and served in employee transportation services for corporates, Lithium Urban will become a full-stack transportation solutions provider, the company said in a declaration.
SmartCommute comes with proven expertise in high-end tech-enabled solutions for smart rostering and AI-enabled routing that can significantly optimize operations and costs for clients, Lithium Urban Technologies Founder Sanjay Krishnan said.
"With this procurement, we aim to expand our presence in the larger transportation and mobility ecosystem and provide full-stack services, going beyond sustainable corporate mobility solutions.
"We are targeting to help clients seamlessly transition from ICE (internal combustion engine) to electric vehicles given the tight integration that this platform will provide, with EVs and charging station telematics, and scheduling algorithms," he added.
Before the outbreak of the pandemic, around 30,000 employees in over 3,000 vehicles, across Bengaluru, Mumbai, Pune, Kolkata, New Delhi, and Hyderabad were traveling daily through the SmartCommute platform, the declaration said.
SmartCommute's client portfolio involved Capgemini, L&T Infotech, KPIT, and TCS, among others, it added.
SmartCommute Co-Founder Ajit Patil said employee transportation is a multi-billion-dollar market in India and Lithium powered with SmartCommute technology will be in a formidable position to become a leader in this market.
With the amalgamation of the SmartCommute platform, Lithium Urban Technologies said it "will now be equipped to expand further into the potential rich transportation segments including freight and rapid bus transit among others."
Further, the company will also provide both electric and non-electric vehicles, making it a one-stop solution for smart transportation services across different form factors for its client portfolio, it added.