Omega Seiki Mobility And cKers Finance Sign MoU To Provide Financing For Electric 3-Wheeler Loaders

A file photo of Omega Seiki Mobility's Vicktor

As an effort towards encouraging Electric Vehicle (EV) adoption in the country, Omega Seiki Mobility, an Anglian Omega Group Company, and cKers Finance Private Limited, a non-banking financial company (NBFC) focused on financing climate-friendly businesses including electric vehicles in India, has signed a Memorandum of Understanding. Through this tie-up, Omega Seiki Mobility customers for the e3W loader category can get their vehicles financed by cKers Finance.

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 vehicle suiting 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 are able to 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.”  

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Speaking about the partnership, Mr. Baljinder S  Khurana, Head of – Retail Finance Business at cKers, said, “India’s transition to EVs requires close collaboration among EV OEMs, financiers, battery OEMs, to meet the needs of the driver owner and small fleet owner segments. Beyond the financing, these customers also need help in making the right vehicle buying decision, supporting charging infrastructure, maintenance, and fleet growth. At cKers, we are putting in place these building blocks, to meet the needs of this target customer.”

This MOU signifies a big step towards both companies’ approaches towards building a better sustainable environment by creating sustainable mobility solutions with an integrated approach of connecting Automobiles and Society. The focus is to eventually create a clean ecosystem with eco-friendly, safe, and congestion-free mobility.

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