Ad
Ad
According to Narang, the company is looking for long-term stable capital or a strategic investor who believes in the vision of green energy and sustainability.
According to company officials, Omega Seiki is looking to raise USD 50-75 million in Series A funding for new products, R&D for the truck segment, and critical component manufacturing, among other things. Part of the proposed USD 50-75 million funding should arrive later this year or early next year, depending on the festival season.
Omega Seiki Mobility (OSM) is looking for long-term investors to scoop up these funds, which are expected to be in place by early next year.
Uday Narang, Founder and Chairman of the company said that "We are considering Series A funding in the range of USD 50-75 million. We believe this will be sufficient to prepare for a massive IPO next year. Depending on the investor, we will dilute the minority stake. We will proceed with like-minded partners who have a long-term (5-10) vision for this segment. We have begun discussions with international funds interested in being a part of India's growth story. Specifically, someone with a long-term perspective on green energy and sustainability.”
According to Narang, the company is looking for long-term stable capital or a strategic investor who believes in the vision of green energy and sustainability.
"We'll use these funds for R&D activities for our trucks division, critical component manufacturing, expanding our three-wheeler factories, and introducing newer technology-based products. The company has initially set aside USD 40 million for these two regions and has begun investing its capital," Narang explained.
OSM already has a monthly capacity of 2,500 three-wheelers. He stated that the company anticipates a 15-25 per cent rate of return in the EV business over time.
OSM is also looking for international funding to fund its African and European businesses separately.
About Omega Seiki Mobility
OMEGA SEIKI MOBILITY is part of the Anglian Omega Network, which operates in six countries: India, the United Arab Emirates, Switzerland, Thailand, Japan, and Hong Kong.
Omega Seiki Mobility is an Indian electric vehicle manufacturer that is developing its line of commercial EVs that will largely be used for last-mile delivery in e-commerce. Omega Seiki is a separate business auto division of the Anglian Omega Group, with headquarters in New Delhi, India. The company's first vehicle, the Rage+, was designed and manufactured in-house at its manufacturing site in Faridabad, Haryana. Rage+, which was unveiled at the 2020 Auto Expo in February, is known as India's first smart electric cargo three-wheeler. Recently, the business debuted Rage+ Frost. Omega Seiki Mobility Trucks are used for the transportation of food and drugs, particularly the COVID-19 vaccine.
CMV360 always keeps you up to date on the latest government schemes, sales reports, and other relevant news. So, if you're looking for a platform where you can get relevant information about commercial vehicles, this is the place to be. Stay tuned for new updates.
Bajaj Auto Secured Top Position in India’s Electric Three-Wheeler Market
According to the Vahan portal, Bajaj sold 5,506 electric three-wheelers, grabbing a 36% share of the L5 category. ...
12-May-25 11:19 AM
Read Full NewsUrban Glide Launched to Operate Public Buses Under New Govt Model
Under the GCC model, private companies like Urban Glide handle the day-to-day running of buses, while the government decides routes and ticket prices....
12-May-25 08:12 AM
Read Full NewsCMV360 Weekly Wrap-Up | 04th May – 10th May 2025: Decline in Commercial Vehicle Sales, Surge in Electric Mobility, Strategic Shifts in Automotive Sector, and Market Developments in India
April 2025 sees growth in India's commercial vehicle, electric mobility, and agricultural sectors, driven by key strategic expansions and demand....
10-May-25 10:36 AM
Read Full NewsTata Motors Finance Merges with Tata Capital to Streamline Business
Tata Capital manages assets worth Rs 1.6 lakh crore. By merging with TMFL, it will grow its business in financing commercial vehicles and passenger vehicles....
09-May-25 11:57 AM
Read Full NewsMarposs India Teams Up with Omega Seiki Mobility for Electric Logistics
This move shows Marposs’ focus on new ideas and eco-friendly practices, matching OSM’s goal of promoting clean transport....
09-May-25 09:30 AM
Read Full NewsTata Motors Opens New Vehicle Scrapping Facility in Kolkata
The Kolkata facility is fully digitalized, featuring paperless operations and specialized stations for dismantling components like tyres, batteries, fuel, and oils....
09-May-25 02:40 AM
Read Full NewsAd
Ad
Benefits of Buying a Mahindra Treo In India
06-May-2025
Summer Truck Maintenance Guide in India
04-Apr-2025
AC Cabin Trucks in India 2025: Merits, Demerits, and Top 5 Models Explained
25-Mar-2025
Benefits of Buying Montra Eviator In India
17-Mar-2025
Top 10 Truck Spare Parts Every Owner Should Know
13-Mar-2025
Top 5 Maintenance Tips for Buses in India 2025
10-Mar-2025
View All articles
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.