Omega Seiki Mobility, an Anglian Omega Group Company, and Grip, India’s leading alternative investment platform for retail investors, announced a strategic partnership for providing lease financing solutions to retail investors.
Under the partnership, Grip will finance 1,000 units of electric three-wheelers Rage+ Rapid of Omega Seiki Mobility. Both the companies will expand this partnership to lease a minimum of 5,000 electric vehicles by the end of 2023. Through this deal, Omega Seiki Mobility targets to cater to the ever-growing demand for electric three-wheelers for last-mile delivery. Omega Seiki Mobility has an existing order book of over 40,000 commercial electric vehicles.
Owing to the low total cost of ownership, the demand for leasing commercial electric vehicles is very robust which is further fuelled by ambitious electrification targets by large e-commerce companies amid the need for lower emissions have led to an upsurge in demand for electric vehicles. In addition, financing commercial electric vehicle is significantly beneficial to entire stakeholders.
The global commercial vehicle rental and leasing market size was valued at USD 77.42 billion in 2021. The market is projected to grow multi-fold over the next 5 years.
Omega Seiki Mobility has been growing its product lineup and manufacturing footprint rapidly in India. OSM has set up large-scale manufacturing facilities in Delhi NCR and now looking to expand in Pune. The company is a leading last-mile service provider under its brand “UnoXpress”. Omega Seiki Mobility is currently running its fleet in 20 cities, doing more than 15 lakh kms per month.
Grip is an investor-first, technology-driven, transparency-focused digital investment platform for curated non-market linked alternative investment opportunities across the entire risk-reward spectrum that best cater to an investor’s wealth creation. So far, Grip Invest has enabled more than 20 Indian EV players to unlock the next growth phase. The platform has facilitated the leasing of assets worth INR 125+ crores and enabled 80+ companies such as BLueTokai,Furlenco, Holisol, Loadshare, ChargeZone, LetsTransport, FabAlley, etc. to access different channels of growth capital.
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