Omega Seiki Mobility (OSM) and Bengaluru-headquartered advanced battery technology startup Log9 Materials, announced a strategic partnership to deploy 10,000 3-wheeler Rage+ and Rapid EV’s in tier II and III markets of India by FY24.
Supporting these 3W EV cargo loaders both companies will facilitate deployment of Insta Charging stations that can charge a 3W completely within 35 minutes, as compared to up to 3.5 hours taken by conventional 3Ws.
In India, the last-mile logistics sector in the e-commerce industry is anticipated to increase by 9 times to USD 5.23 billion in 2025. Since the beginning of the COVID-19 pandemic, local restrictions and demand for online shopping has brought a fundamental shift in shopping behaviour. Today, one out of five customers of e-commerce platforms originate from tier II and III cities. For small loads, 3W goods vehicles are fast becoming a preferred choice for last-mile delivery. Buoyed by this demand, Log9 and OSM are working together in its mission of Pioneering Responsible Energy and go beyond metro and tier I cities.
Omega Seiki Mobility and Log9 will facilitate Rs 150 crore investment in fast charging infrastructure across the nation by FY24. Alongside, Log9 and OSM will also be instituting fleet partners in each of these cities/towns who will be the first adopters and the ambassadors of EV technologies for their respective markets.
Talking about the partnership Uday Narang, Founder & Chairman, Omega Seiki Mobility said, “Omega Seiki Mobility is born electric OEM which aims to ‘empower electric mobility in India’ in its truest sense. Currently, the last-mile delivery ecosystem growing leaps and bounds, switching to EVs in tier II and III becomes a must to counter environmental concerns due to vehicular emissions as two-third of India resides in Tier II, III and smaller towns. E-3Ws, owing to their low operating and maintenance costs along with zero tail-pipe emissions, make an economically viable and environmentally friendly option for commercial use for these cities.”
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