Omega Seiki Mobility Raises ₹50 Crore to Expand EV Manufacturing and Dealer Network

Commercial electric vehicle manufacturer Omega Seiki Mobility has raised ₹50 crore in a funding round co-led by Securocorp Securities and a group of private investors. The company plans to deploy the fresh capital across manufacturing, research and development, retail expansion and new electric vehicle programmes.

Omega Seiki Mobility, or OSM, has secured ₹50 crore—equivalent to ₹500 million—in a fresh funding round as the electric commercial vehicle manufacturer prepares for its next phase of expansion.

The funding was co-led by Securocorp Securities, Sangeeta Pareekh, the Saket Aggarwal Family Office and Vanshika Sharma.

According to the company, the new capital will be used to increase manufacturing capacity, strengthen research and development capabilities, expand its nationwide dealership and service network, and accelerate the introduction of next-generation electric mobility solutions.

Omega Seiki Mobility has raised ₹50 crore to expand manufacturing capacity, strengthen R&D and grow its nationwide dealer and service network.

Expansion Across Multiple Electric Vehicle Segments

Omega Seiki Mobility currently operates manufacturing facilities in Faridabad and Pune.

The company has primarily established its presence in the electric commercial vehicle market but is gradually broadening its product portfolio across several categories, including:

• Electric cargo three-wheelers

• Electric passenger three-wheelers

• Premium electric two-wheelers

• Electric light commercial vehicles

The additional funding is expected to help OSM scale production and strengthen its presence across these segments, particularly as demand for electrified last-mile delivery and urban commercial mobility continues to grow.

OSM Plans to Strengthen Manufacturing and R&D

A significant portion of the investment will be directed towards manufacturing expansion and product development.

For an electric commercial vehicle company, manufacturing scale and product localisation are particularly important as fleet operators typically evaluate vehicles based on total cost of ownership, reliability, payload capacity, service availability and charging compatibility.

By expanding its production capabilities and research operations, OSM is likely to focus on improving vehicle efficiency, battery performance, durability and operating economics.

The company also intends to enhance its dealer and service network across India. A stronger after-sales ecosystem could help OSM improve vehicle uptime and address one of the most important requirements of commercial EV customers.

Investor Confidence in OSM’s Long-Term Strategy

Commenting on the funding, Dr. Uday Narang, Founder and Chairman of Omega Seiki Mobility, said the investment reflects investor confidence in the company’s vision, execution and long-term strategy.

He added that OSM has spent the past eight years building its business around manufacturing excellence, innovation and financial discipline.

Narang said the company remains committed to delivering sustainable mobility solutions while creating long-term value for customers, partners and investors as India’s electric vehicle market enters its next stage of development.

Omega Seiki Mobility Reports ₹333 Crore FY26 Revenue

According to the financial details shared by the company, Omega Seiki Mobility recorded approximately ₹333 crore in revenue during FY2025-26.

The company also reported:

Financial Metric	FY2025-26 Performance
Revenue	Approximately ₹333 crore
Profit After Tax	₹7.3 crore
EBITDA Margin	7.7%

The profitability figures indicate that OSM is attempting to balance expansion with financial discipline—an important factor at a time when several electric mobility companies continue to prioritise growth over profitability.

Major Fleet Customers

Omega Seiki Mobility supplies electric commercial vehicles to several large logistics, e-commerce and consumer-facing companies.

Its customer base includes Amazon, Flipkart, Zomato, BigBasket, Porter, Maersk and Nestlé.

Large fleet customers are an important part of the electric commercial vehicle ecosystem because their vehicles generally operate over predictable daily routes. This makes it easier to calculate energy savings, charging requirements and the overall cost advantage of switching from internal-combustion vehicles to EVs.

The company is also backed by the manufacturing experience of the Anglian Omega Group, which has a reported legacy of more than five decades in manufacturing.

Pre-IPO Research Report Indicates Valuation of Up to ₹2,833 Crore

The press release also cited a recent pre-IPO research report that valued Omega Seiki Mobility between ₹1,775 crore and ₹2,833 crore.

The valuation range reportedly takes into consideration the company’s position in the electric commercial vehicle market, improving financial performance and long-term growth prospects.

However, the valuation mentioned in a research report should not necessarily be treated as the company’s confirmed transaction valuation. The final valuation in any future fundraising or public offering would depend on investor demand, financial performance and prevailing market conditions.

Founded in 2018

Omega Seiki Mobility was founded in 2018 by Dr. Uday Narang with the objective of developing an India-based electric mobility company focused on manufacturing, innovation and sustainable transportation.

Narang has more than two decades of experience spanning automotive manufacturing and global energy trading. He holds an MBA in Finance from Stony Brook University in

New York.

Since its establishment, OSM has focused primarily on electric commercial mobility, a segment that is expected to play an important role in reducing fuel consumption and operating costs across last-mile delivery, logistics and passenger transportation.

Auto Punditz Take

The ₹50 crore funding gives Omega Seiki Mobility additional resources to expand at a time when India’s commercial EV segment is becoming increasingly competitive.

The company’s reported profitability and growing fleet customer base provide it with a stronger foundation than many early-stage EV manufacturers. However, the next phase of growth will depend on how effectively OSM can expand production while maintaining vehicle quality, service availability and financial discipline.

The expansion of its dealer and service network could be especially important. Commercial vehicle buyers place a high priority on uptime, and even competitive pricing or lower running costs may not be sufficient without dependable after-sales support.

With fresh capital now available, Omega Seiki Mobility will be looking to strengthen its position in electric three-wheelers while building a wider presence in electric two-wheelers and light commercial vehicles.