OSM partners with Grip

Omega Seiki Mobility (OSM) announced a strategic partnership with Grip, India’s leading alternative investment platform for providing lease financing solutions to retail investors. Under the partnership, Grip will finance 1000 units of electric three-wheelers including OSM’s Rage+ Rapid. Both the companies will expand this partnership to lease a minimum of 5,000 electric vehicles by the end of 2023. Through this deal,

OSM targets to cater to the evergrowing demand for electric threewheelers for last-mile delivery. OSM has an existing order book of over 40,000 commercial electric vehicles. Commenting on the partnership, Uday Narang, Founder, and Chairman, Omega Seiki Mobility said, “We are pleased to partner with Grip which is a customer-centric, tech-enabled newage investment platform.” According to Narang, the collaboration will work upon a stronger foothold of the EV in the existing market and accelerate the electrification drive. 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 create sustainable mobility, OSM scouts various ways to lease and supply electric three-wheelers, adding to the current EV thrust in the country,” he added.