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Charged up

All-electric cab operator Lithium wants to supercharge India’s corporate commutes

Five-year-old Lithium boasts of big names like Google, Wipro, and Barclays among its clients. Despite the success, India’s largest EV fleet operator hasn’t reached its full potential

14/01/20

Pranav Balakrishnan, Pranav Shankar

Lithium’s target market of corporate travel is worth roughly $4 billion and has about 500,000 diesel cars

The cost of running an electric car is one-fourth of the cost of running a diesel car, which leaves Lithium able to undercut its non-electric competitors

The success it has already seen is pushing it to expand—more cabs, more cities, more funding

But high cost, low EV sales, and the lack of charging infrastructure make it challenging for corporations to make the switch

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For many employees of Indian IT giant Wipro, the daily commute begins not with the roar of an engine, but rather the low humming of one. Close to 120 of the three thousand cabs Wipro contracts for the transport of its employees, after all, are electric.

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