Omega Seiki Mobility (OSM), a subsidiary of the Anglian Omega Group, is positioning itself as a growing force in India’s electric vehicle market, with robust expansion plans and strategic partnerships that span manufacturing, sales, and technology sectors .
Founded in 2018 by Uday Narang, OSM has rolled out electric three‑wheelers for cargo and passenger segments, as well as exploring refrigerated units under model names like Rage+, Stream, and Rage+ Frost. Operating multiple plants across Faridabad, Pune, and Chennai, the firm targets scalable output—40,000 units annually as of 2023, with further expansion underway.
To extend its distribution, OSM forged a partnership with ElectroRide (Goenka Green), aiming to establish over 500 dealerships by fiscal 2024, accelerating penetration into tier 2 and 3 cities. That network now surpasses 200 touchpoints, including flagship centers in New Delhi and Pune.
OSM is also strengthening its technological backbone: a memorandum of understanding with Honda Power Pack Energy India introduces swappable battery systems to thousands of vehicles, mitigating range anxiety. Meanwhile, Japanese auto-supplier Exedy Corporation is investing USD 150 million to develop EV components and small commercial vehicles, supporting OSM’s entry into e‑SCV and hydrogen-powered segments.
Financially, OSM plans to raise USD 100 million to scale production and reach EBITDA‑positive status by fiscal 2025, backed by in-house manufacturing of batteries and powertrains—reinforcing control over its supply chain. Its integrated approach aims to deliver competitive pricing and high quality, while focusing on last‑mile logistics solutions with smart telematics and IoT features.
Analysts say OSM’s aggressive moves—spanning manufacturing capacity, expanded network, technological collaborations, and heavy fundraising—signal its intent to rival established EV players. As the commercial EV space in India surges, Omega Seiki is stepping up as a fully integrated electric mobility contender.
