This marks Omega Seiki Mobility’s second fundraise in two months, reflecting strong investor confidence in the company’s growth plans. The company will use the funds to support research and development, expand production capacity, and meet regular operating expenses.
New Delhi, August 20, 2026: Omega Seiki Mobility (Omega Seiki Limited), one of India’s leading electric commercial vehicle makers and part of the Anglian Omega Group, today announced a fresh fundraise of ₹50 crore as part of its strategic funding initiative at an undisclosed valuation. The latest round marks a significant milestone in OSM’s growth journey, supporting the company as it scales its electric mobility business and evaluates its path toward the public markets.
Author: Aditya Pareek | EQMint | EQ Exclusive
The latest round was led and managed by Abhishek Misra, SKG Asset Management and Unistone Capital. It saw participation from a strong marquee group of investors, and the round was led by Sanjeev Agarwal Family Office, Brijesh Parekh Family Office, SKG Fund with other marquee investors participating in the round. Earlier this month, OSM had announced a Rs 50 crore in a funding round from Securocorp Securities, Sangeeta Pareekh, Saket Aggarwal Family Office, and Vanshika Sharma.
Building Scale Across India’s Electric Mobility Market
Founded in 2018 by Dr. Uday Narang, Omega Seiki Mobility has emerged as a consistent and strong player in India’s electric commercial vehicle market.
OSM’s product portfolio spans electric cargo three-wheelers, passenger vehicles, premium electric two-wheelers and electric light commercial vehicles. The company operates manufacturing facilities in Faridabad and Pune and is focused on building a broader electric mobility ecosystem spanning manufacturing, distribution, service, and technology.
The company has also established relationships with large enterprise and logistics customers, including but not limited to all major e-commerce and global logistics companies.
Stronger Financial Performance
The latest investment comes at a time when OSM is demonstrating a marked improvement in its financial performance. The company reported approximately ₹333 crore in revenue in FY26, reflecting 13% year-on-year growth. It has also turned PAT positive, despite global supply chain pressures and rising raw material costs.
This signals a meaningful shift in OSM’s operating trajectory, as the company transitions from a growth-led expansion phase to a more disciplined model focused on scale, profitability, and sustainable long-term growth.
Capital to Accelerate the Next Phase of Growth
The latest funding will be used for increasing its installed manufacturing capacity, strengthening R&D, expanding its dealer and service network, and accelerating the rollout of next-generation electric mobility products.
OSM currently operates 150 touchpoints across India and plans to expand its network to 250 by FY28, underscoring its focus on deeper market penetration and customer access. The company is also looking beyond India as part of its next phase of growth, with Africa among the key geographies under evaluation. In August 2025, OSM announced the commencement of its first overseas manufacturing plant in Jafza, Dubai, marking an important step in its international expansion strategy.
Speaking about the latest round of funding, Dr Uday Narang, Founder Chairman, Omega Seiki Mobility, said, “This fundraise marks a significant milestone for Omega Seiki Mobility as we move into the next phase of our growth journey. The confidence shown by our investors strongly validates our vision, execution capabilities, and long-term strategy. Over the past eight years, we have built the company on a foundation of manufacturing excellence, innovation, and financial discipline.”
He added, “As India’s EV market enters its next phase of growth, we remain focused on building scalable electric mobility solutions that create long-term value for our customers, partners, and investors.”
Positioned for India’s Next Phase of EV Growth
With India’s commercial EV market entering a new phase of adoption, OSM is looking to leverage its manufacturing capabilities, diversified product portfolio, and distribution network to build a scalable electric mobility platform.
The broader market backdrop remains favourable. EV sales in India have grown nearly 46 times since 2016, reflecting a strong shift in consumer and commercial adoption. Exports have also risen sharply, from USD 1.2 million in 2020 to USD 84 million in 2024, positioning India as an emerging hub for electric mobility.
Government initiatives, including the National Mission on Manufacturing, the PLI Scheme for the Automobile and Auto Components Industry, and the PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme (PM E-DRIVE), are further supporting the development of a more self-reliant e-mobility ecosystem.
The company’s expansion into passenger mobility, premium electric two-wheelers and electric light commercial vehicles is expected to complement its established cargo three-wheeler business and create a broader portfolio of solutions for last-mile logistics, passenger transportation and commercial applications.
About Omega Seiki Mobility
Founded in 2018 by Dr. Uday Narang and backed by the Anglian Omega Group, Omega Seiki Mobility (Omega Seiki Limited) is an electric mobility company focused on commercial transportation solutions. Its portfolio includes electric cargo threewheelers, passenger vehicles, premium electric two-wheelers, and electric light commercial vehicles. With manufacturing facilities in Faridabad and Pune, OSM is building scalable, technology-led, and sustainable electric mobility solutions designed for India’s rapidly evolving transportation ecosystem. The company serves customers across logistics, ecommerce, food delivery, and other commercial sectors. Its customer base includes Amazon, Flipkart, Zomato, BigBasket, Porter, Maersk, and Nestlé.
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Disclaimer: This article is not an investment advice and is for educational purpose only.
