Lithium buys out Pune-based SaaS mobility platform company for unknown sum

With the deal, Lithium will be able to provide a full range of transport solutions across vehicle categories including conventional internal combustion engine ones

Bengaluru-based electric mobility start-up Lithium Urban Technologies has bought employment transportation software platform SmartCommute. The International Finance Corporation- and LGT Capital-backed company, which claims to be the biggest owner of electric vehicles in the world outside of China with 1,200 units, is diversifying its portfolio from employee transportation to public transport as well.

With the acquisition, Lithium would be able to provide a full range of transportation solutions across all vehicle categories including the conventional internal combustion engine (ICE) vehicles.

SmartCommute, founded in 2014, is an end-to-end employee transport services SaaS (software as service) platform.  According to the company, the SaaS-based platform