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Omega Seiki Mobility (OSM) is partnering with a French company to manufacture green hydrogen-powered small commercial vehicles, including three-wheelers, in India.
The joint entity, Hydrogen Intelligence SA, will be based in France, with a subsidiary in India. OSM founder Uday Narang mentioned that the company will showcase a hydrogen-powered three-wheeler at the Hyvolution show in Paris.
The joint venture, with OSM owning 50%, aims to produce 5,000 vehicles per month initially, scaling up to 10,000 vehicles a month by 2026, with a manufacturing facility in Tamil Nadu expected to be commissioned by March 2025.
The venture plans to raise USD 25 million from European and US markets for business expansion.
