Our Journey Towards a Greener Future
LEMS was born out of a vision to drive Sri Lanka's green transition and establish a sustainable future for urban mobility. Incubated by the Island Climate Initiative (ICI)—an organization committed to advancing urban sustainability and the circular economy—our story began with a bold idea in 2020.
After refining the concept and identifying key partners throughout 2022, LEMS was officially formed in April 2023. Our mission? To lead Sri Lanka's transition to cleaner energy and ensure progress remains on the right path for future generations.
Pioneering Energy-as-a-Service
To spark this transition, LEMS focuses on converting petrol-powered three-wheelers into fully electric vehicles. By engaging with key stakeholders—including three-wheeler owners, drivers, financial institutions, the government, and equipment manufacturers—we’ve designed a scalable strategy to meet the growing demand for energy-as-a-service.
Global Partnerships, Local Solutions
Our partnership with one of India's most advanced companies in swappable battery technology - RACE Energy - and retrofitting solutions strengthens our efforts. Leveraging years of R&D, they’ve developed high-performance batteries proven to excel in conditions similar to Sri Lanka. These cutting-edge batteries are certified by the Automotive Research Association of India and comply with international UNECE standards, ensuring top-notch safety and efficiency.
Driving Change for a Sustainable Future
LeMS is committed to reshaping Sri Lanka’s transportation ecosystem by introducing innovative technologies and sustainable practices. By electrifying one of the country’s most widely used modes of transport, we aim to reduce carbon emissions, improve energy efficiency, and contribute to a cleaner, more sustainable future for all.
Co-Founder
Following a Mechanical Engineering Degree at Imperial College in London, Shirendra worked in the UK for 9 years, and qualified as a Chartered Engineer. Returning to Sri Lanka, he spent 27 years with MAS Holdings and its affiliates, holding multiple Board positions, setting up and operating businesses in Sri Lanka, India, China, Vietnam, Jordan, Honduras, Haiti and the USA, before retiring from Group COO in 2020. He continues to hold several Board positions both within MAS and in a number of other organizations. He is the Vice President of the American Chamber of Commerce (AmCham), has served as President of the Ceylon Motor Sports Club, which represents the world governing body for Motorsport, the FIA, and currently competes in regional motorsport in Asia.
Co-Founder
Sudarshan was until very recently the group CFO for MAS Holdings Pvt Ltd, the largest apparel tech company in South Asia and the highest revenue company in Sri Lanka employing 95,000 people in 16 countries and is still a key advisor on their investments. Formerly he was the head of John Keels Stock Broking. He has been directly responsible for transactions in excess of over USD 500 Mn over his career. This includes M&A as well as divestitures and acquisition transactions in the US, UK, China, Indonesia, India, and Bangladesh to name a few.
Co-Founder
Chaminda holds Masters degrees from Harvard University and Brandeis University in policy and economics. Until 2018, for 20 years, Chaminda worked for the World Bank Group, UN agencies and other leading global consulting firms in over 25 countries in four continents either as senior staff and as a consultant. In 2018 he founded Island Climate Initiative promoting sustainability investments and advising international companies and development organizations and facilitating their work in Sri Lanka. He has also invested in hospitality and in fin tech in Sri Lanka.
Co-Founder
Natasha is a 1st class honors graduate in Mathematics from the Imperial College, London. She commenced her career with JP Morgan Investment Bank in London and remained with them for over 4 years ending as an Associate in FX Markets. Then she joined the MAS Group to lead the Corporate Finance, Strategy & Treasury team for the past 10 years. Natasha worked with the Group Finance Director of MAS to lead all investments, divestments, private equity and venture capital investments by conducting due diligence, valuations and deal structuring, including investments in local and global start-ups, acquisition of manufacturing facilities in many regions & negotiations with JV partners.
Chief Technological Officer
Yugantha is ICI's Chief Technology Officer, providing technical evaluation for new businesses and serving as the Technical Lead on ICI's USAID-funded plastic innovation project. Prior to ICI, he was an Engineering Manager at a leading equipment manufacturer in Sri Lanka. He also worked as a research engineer in large corporations' research and development departments, focusing on evaluating and scaling up new technologies. Yugantha is an engineer by profession, with specialization in Process Engineering from the University of Moratuwa.
RACE Energy, our esteemed partner, is a deep-tech innovator transforming the EV landscape with advanced swappable batteries and intelligent swapping networks. Founded in 2019 in Hyderabad by automotive enthusiasts Arun Sreyas Reddy and Gautham Maheswaran, RACE Energy combines motorsports innovation with cutting-edge engineering to deliver robust, safe, and efficient battery-swapping solutions. With a shared vision to drive sustainable mobility, RACE is building the world's largest battery-swapping network, addressing key challenges of fixed-battery EVs through relentless research and development.