Anglian Omega Group launches financing arm Anglian Finvest
Date: 12 Oct 2021
Omega Group has launched a new subsidiary of the Group ‘Anglian Finvest’,
India’s first financing company exclusively for electric vehicles. Now the
customers of Omega Seiki Mobility can finance OSM vehicles, with Anglian
Finvest. The company has already dispersed Rs 10 crore worth of loans.
Finvest loan facility is available pan India. The subsidiary will provide
attractive finance schemes which will include customised products, deliver
financial flexibility and empower them to own their desired OSM vehicle at
their convenience. Anglian Finvest will cover a wide range of profiles to meet
the demands of a diverse range of Indian customers.
Uday Narang, Chairman, Anglian Omega Group
said “Anglian Finvest is India’s first and only electric vehicle financing company.
Lack of Institutions providing electric vehicles financing makes the process
frustrating and tiresome for the customer, hence we thought of launching
Anglian Finvest. The company will enhance the customer experience and journey
while financing OSM vehicles. For the
initial phase, we are only financing Omega Seiki Mobility vehicles, but in long
term we plan to offer loans to other electric vehicle companies.”
Finvest is a finance company that empowers Omega Seiki Mobility customers to
transform their vehicle buying experience with a host of options. These options
include selecting the best-suited loan product, completing all the finance
related formalities and disbursal of the loan. Complete transparency on
Omega group would be investing Rs. 250 crores in the coming 3 years, to help
bolster this EV revolution. Providing easy financing options is sure to attract
customers. Following our ideology of not waiting for solutions, but creating
them, we are set to get the electric revolution out there, by increasing
customer trust in Electric Vehicles,” added Narang.
Finvest currently is a bootstrapped financing company. The company is planning
to add more financiers and structured finance products, in future enhancements,
to provide an unparalleled electric vehicle(EV) financing experience to the
customers from various EV brand.