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Omega Seiki Mobility has announced a partnership with Grip to provide lease financing solutions for retail investors. Grip will provide finance to 1,000 units of Omega Seiki Mobility Rage+ Rapid electric three-wheelers under the partnership. By the end of 2023, the partnership will lease at least 5,000 electric vehicles. The OEM currently claims that it has over 40,000 units in its order book.
Uday Narang, founder, and chairman, of Omega Seiki Mobility, said, “The absence of affordable financing options has proven to be a critical impediment for low-income patrons to change to EVs. Keeping with the belief system to creating sustainable mobility, OSM scouts various ways to lease and supply electric three-wheelers, adding to the current EV thrust in the country.”
Grip makes it possible for individuals to access curated deals that allow them to earn non-market-linked fixed returns. This will also enable them to take part in the growth of the EV industry. It provides all the information needed to make informed decisions (such as company performance and company profile, timelines, key investment highlights, and risks.)
Grip Invest has helped over 20 Indian EV companies to enter the next phase of growth. It has enabled the leasing of assets in excess of Rs 125 crore, and over 80 companies like BLueTokai, ChargeZone, FabAlley, and Furlenco to access them. Access to different sources of growth capital.
OSM has established large-scale manufacturing plants in Delhi NCR and is looking to expand its operations in Pune. Under the brand UnoXpress, the company provides last-mile services. The company’s fleet currently operates in 20 cities and covers more than 15 lakh km per month.
According to reports, the global market for commercial vehicle leasing and rental was worth $77.42 billion in 2021. This market is expected to grow multiple times in the coming 5 years.