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Omega Seiki Mobility to raise $40 million for making e-trucks
ECONOMY & POLICY

Omega Seiki Mobility to raise $40 million for making e-trucks

Omega Seiki Mobility (OSM), which manufactures electric two-wheelers, three-wheelers and trucks, is all set to raise $40 million in a Series B round to fund its electric truck manufacturing plans. It will be in two tranches with the first tranche of $25 million and $15 million subsequently. The...

Omega Seiki Mobility (OSM), which manufactures electric two-wheelers, three-wheelers and trucks, is all set to raise $40 million in a Series B round to fund its electric truck manufacturing plans. It will be in two tranches with the first tranche of $25 million and $15 million subsequently. The company has its manufacturing base in Faridabad and at Chakan in Pune. The company will use the funds to build two electric truck plants in the country. The one-tonne e-truck will be manufactured in Pune and the 3.5-tonne e-truck in Faridabad. The trucks are undergoing testing at the International Centre for Automotive Technology (ICAT) and awaiting approvals. The one-tonne truck will have a 100-120 km range and may be launched in September.  Contact: Omega Seiki MobilityWebsite: www.omegaseikimobility.com

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