Omega Seiki Mobility, an Anglian Omega Group Company, and cKers Finance Private Limited, an Indian non-banking financial company (NBFC) focused on financing climate-friendly businesses including electric vehicles, have signed a Memorandum of Understanding to encourage EV adoption in the country. Customers of Omega Seiki Mobility in the e3W loader category can now get their cars funded by cKers Finance thanks to this collaboration.
The EV market is projected to grow multi-fold over the next 5 years. Owing to the low total cost of ownership and robust quality vehicles, the electric 3-wheeler (e3W) loader segment is growing rapidly and there is a pressing need to meet the financing needs of the driver owner and the small fleet owner segments. OSM’s wide range of three wheelers offerings allows customers to select vehicles that suits their requirements.
Talking about the cKers facility, Mr. Uday Narang, Founder & Chairman, of Omega Seiki Mobility said, “We have an existing order book of over 25,000 electric cargo vehicles. Financing is crucial to ensuring that Omega Seiki Mobility customers can choose the right EV Vehicle for the smooth running of their operations, and at Omega Seiki Mobility, we are pleased to partner with cKers for the financing of OSM’s wide range of electric three-wheelers. This reflects our continued participation in India’s journey towards a sustainable future.”
Mr. Baljinder S Khurana, Head of – Retail Finance Business at cKers, stated about the collaboration, “India’s transition to EVs requires close collaboration among EV OEMs, financiers, and battery OEMs to meet the needs of the driver owner and small fleet owner segments.” Aside from funding, these clients require assistance in making the best vehicle purchase choice, supporting charging infrastructure, upkeep, and fleet development. We are placing these building blocks in position at cKers to satisfy the requirements of this intended customer.”
