Omega Seiki Mobility (OSM) to set up an electric three-wheeler manufacturing facility with an investment of USD 250 million in Karnataka. The facility will be the world’s largest e3W manufacturing unit.
The facility will be built in three different phases and it will have a production capacity of 1 million e3W annually. It will be built across an area of 250 acres. The mega factory will manufacture Rage+, Rage+ RapidEV, Rage+ Frost, Rage+ Swap, and Rage+ Tipper.
Uday Narang, Chairman and Founder, OSM, said “The organised electric three-wheeler market has exponentially grown by a massive 200% in FY22 as against the previous fiscal. This has helped EV 3-wheelers now command a massive 46% of overall three-wheeler volumes. We at OSM believe that the adoption of EVs in the last-mile delivery sector and government bodies will help India become the first market in the world where every 3 EV three-wheeler will be sold for every 1 ICE three-wheeler.”
He further added, “We want to be the market leader in the three-wheeler market, not just in India but the world and the new OSM Megafactory with a capacity of 1 million units is the first step towards this goal.”
Recently, EV maker Omega Seiki Mobility and advanced battery technology startup Log9 Materials will jointly invest Rs 150 crore in charging infrastructure by the financial year 2024.
