Omega Seiki Mobility receives approximately $6m in additional funding
The Indian manufacturer supplies commercial and passenger EVs, including vehicles used by logistics fleets.
The financing was co-led by the group identified as Abhishek Misra with SKG Asset Management and SKG Fund, Unistone Capital, Sanjeev Agarwal Family Office and Brijesh Parekh Family Office.
Omega Seiki plans to increase factory capacity, strengthen automotive research and development and accelerate product launches. Its dealer and service network is targeted to grow from 150 to 250 touchpoints across India.
The company reports fleet customers including Amazon, Flipkart, Zomato, BigBasket, Porter, Maersk and Nestlé.
Use of funds
Increase factory manufacturing capacity
Strengthen automotive research and development
Expand dealer and service touchpoints from 150 to 250 across India
Accelerate electric mobility product rollout