Omega Seiki Mobility, Log9 Partner to deploy 3W EVs

Highlights :

The partnership aims to deploy 10,000 3-Wheeler Rage+ Rapid EVs in Tier II and III markets of India by FY24.

Omega Seiki Mobility, Log9 Partner to deploy 3W EVs

Omega Seiki Mobility (OSM) and Bengaluru-headquartered advanced battery technology startup Log9 Materials are partnering to deploy 10,000 3-Wheeler Rage+ Rapid EVs in Tier II and III markets of India by FY24.

3-Wheeler EVs

Supporting these 3W EV Cargo Loaders will be Log9’s state-of-the-art InstaCharging stations that promise to charge a 3W completely within 35 minutes, as compared to up to 3.5 hours taken by conventional 3Ws, an official statement said.

In India, the last-mile logistics sector in the e-commerce industry is anticipated to increase by 9 times to USD 5.23 billion by 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 Tier 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 their mission of Pioneering Responsible Energy and thus going beyond metro and Tier I cities. The partnership between Omega Seiki Mobility and Log9 will facilitate INR 150 Crore investment in setting up 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,” said the statement.

Uday Narang, Founder & Chairman, Omega Seiki Mobility said, “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. Our collaboration with Log9 is a major step in this direction.”

Dr. Akshay Singhal, Founder & CEO, Log9 Materials, adds, “We firmly believe that India’s vision to turn into a fully EV-led nation by 2030 cannot be met unless the Tier II and III cities and towns join the movement and add further fuel to the nation’s e-mobility and clean energy transition. With B2B last mile deliveries still evolving yet accelerating in a major way in the Tier II and III markets, we are confident that this initiative by Log9 and OSM will give further impetus to EV adoption in these areas.”

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