Omega Seiki Plans To Lease 5,000 EVs By 2023

Delhi-based end-to-end mobility solutions provider, Omega Seiki has formed a strategic partnership with Grip Invest for lease financing to retail investors. With this partnership, Both companies will try to make the electric vehicle's delivery more smooth & easy in the last mile delivery segment.

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Commenting on the partnership, EV manufacturer OSM said that Gripp Invest is funding 1,000 Rage+ Rapid e-three-wheelers from OMEGA as part of this partnership. Which will help Omega Seiki grow to at least 5,000 EVs by the end of next year.

"The demand for leasing of commercial electric vehicles is very robust owing to the low-total cost of ownership, which is further fuelled by e-commerce players augmenting their EV fleet."

According to Omega Seci Mobility, the global commercial vehicle rental and leasing market is expected to rise dramatically over the next five years. And by 2021 its value was 77.42 billion US dollars.

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Founder & Chairman of Omega Seiki Mobility Uday Narang said, "OSM scouts various ways to lease and supply electric three-wheelers, adding to the current EV thrust in the country. The collaboration with Grip Invest will work upon a stronger foothold of the EV in the existing market and accelerate the electrification drive."

The EV transition has sparked the birth of tens of startups in the country, who are all finding ways to work together to survive and make the most of the  opportunities coming up in the transition.

Omega Seiki has been an early mover, and the firm has made steady progress so far.