Omega Seiki Mobility introduced a strategic partnership for offering lease financing options to retail traders. Under the partnership, Grip will finance 1,000 items of Omega Seiki Mobility’s Rage+ Rapid e-three-wheelers. The partnership goals to lease a minimal of 5,000 electrical autos by end-2023. At current, the OEM claims it has an present order ebook of over 40,000 items.
Uday Narang, founder, and chairman, Omega Seiki Mobility stated, “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 is democratising and enabling entry to curated offers for particular person traders to generate non-market linked mounted returns, which permits them to take part and profit from the expansion of EV business. The platform supplies detailed vital info (resembling firm profile and efficiency, timelines, key funding highlights, dangers), primarily based on which its customers could make an knowledgeable resolution. So far, Grip Invest has enabled greater than 20 Indian EV gamers to unlock the subsequent development part. The platform has facilitated the leasing of property value greater than Rs 125 crore and enabled over 80 corporations resembling BLueTokai, Furlenco, Holisol, Loadshare, ChargeZone, LetsTransport, FabAlley, and many others. to entry totally different channels of development capital.
On the opposite hand, OSM has arrange large-scale manufacturing amenities in Delhi NCR and is now trying to broaden in Pune. The firm is a last-mile service supplier beneath its model ‘UnoXpress’. It’s fleet is presently working in 20 cities, doing greater than 15 lakh kilometre per thirty days.
Reports counsel the worldwide industrial automobile rental and leasing market measurement was valued at $77.42 billion in 2021. The market is projected to develop multi-fold over the subsequent 5 years.
Source: www.financialexpress.com”