Omega Seiki Mobility (OSM), an Anglian Omega Group Company, and cKers Finance Private Limited (“cKers”), an India-based non-banking financial company (NBFC) focused on financing climate-friendly businesses such as electric vehicles, have signed a Memorandum of Understanding to encourage EV adoption.
Omega Seiki Mobility customers in the e3W loader group can now get their 3-wheeler funded by cKers Finance thanks to this collaboration.
Over the next five years, the EV industry is expected to more than triple. The electric 3-wheeler (e3W) loader sector is quickly expanding due to the cheap total cost of ownership and robust quality vehicles, and there is a pressing need to satisfy the financing requirements of the driver owner and small fleet owner segments.
OSM’s wide range of three wheelers offerings allows customers to select vehicle suiting their requirements. They have designed and developed two and three wheelers domestically at its in-house R&D facility. The electric three wheelers under RAGE+ brand is being used by several major e-commerce and logistics companies in India.
OSM already has over 25,000 electric cargo vehicles bookings. Funding is critical to ensuring that Omega Seiki Mobility clients can choose the appropriate EV Vehicle for the seamless operation of their business, so they have collaborated with cKers to finance OSM’s broad variety of electric three wheelers.
This MOU represents a significant move forward in both companies’ efforts to create a more sustainable environment by developing sustainable transportation solutions with an integrated strategy that connects automobiles and society. The goal is to ultimately establish a clean ecosystem with environmentally favorable, secure, and free-flowing mobility.
Reference- ET Auto, MoneyControl, The Financial Express, CNBCTV18, Omega Seiki website & PR, HT Auto