Delhi-based electric commercial vehicle manufacturer Omega Seiki Mobility (OSM) has raised ₹50 crore in a fresh funding round co-led by Securocorp Securities, Sangeeta Pareekh, Saket Aggarwal Family Office, and Vanshika Sharma. The company said it will deploy the capital to expand manufacturing capacity, strengthen research and development, enhance its dealer and service network, and support the rollout of new electric mobility products.
Funding Details and Deployment Plans
The round brings together a mix of institutional and family-office investors, as well as individual backers. According to the company, the fresh capital will be used to expand manufacturing capacity, strengthen research and development, enhance the nationwide dealer and service network, and accelerate the rollout of next-generation electric mobility solutions. OSM operates manufacturing facilities in Faridabad and Pune.
Founder and Chairman Dr. Uday Narang said the investment reflects investor confidence in the company’s execution and long-term strategy, noting that OSM has spent eight years building a business grounded in manufacturing discipline, according to the company.
Business Overview and Recent Performance
Founded in 2018 by Uday Narang, Omega Seiki Mobility focuses on electric commercial mobility, manufacturing electric three-wheelers, two-wheelers, and light commercial trucks designed for last-mile logistics. The company is part of the Anglian Omega network, and its product portfolio spans electric cargo three-wheelers, passenger vehicles, premium electric two-wheelers, and electric light commercial vehicles.
In FY26, OSM reported revenue of approximately Rs 333 crore, a profit after tax of Rs 7.3 crore, and an EBITDA margin of 7.7%. Its customer base includes Amazon, Flipkart, Zomato, BigBasket, Porter, Maersk, and Nestlé for their logistics and transportation needs. The company has also strengthened the broader EV ecosystem through partnerships with financial institutions and green mobility companies such as cKers Finance and Mufin Green, making retail financing and fleet deployment more accessible.
OSM’s manufacturing footprint has grown steadily. At its Chakan, Pune facility, the company had earlier invested Rs 40 crore to build initial capacity for 6,000 electric three-wheelers annually, with plans at the time to invest a further Rs 150 crore over three years to scale annual capacity to 30,000 units. The company has separately pursued component manufacturing, including an Rs 800 crore investment to build facilities for electric vehicle components such as batteries and powertrains, along with a tie-up with iM3NY for lithium-ion battery production and a joint venture with Jae Sung Tech Korea for powertrains.
Market Context
EV manufacturers are seeing rising demand from ecommerce and FMCG companies, alongside subsidy support under PM E-DRIVE schemes, which is encouraging investors to make larger bets in this segment. Other players have also drawn significant capital recently; electric commercial vehicle maker Euler Motors raised Rs 437.5 crore in a Series E round in March to expand its product line and manufacturing capacity. India’s commercial EV market is entering a more mature phase where manufacturing capability, service reach and profitability are becoming as important as product innovation.
Separately, a pre-IPO research report cited by the company valued Omega Seiki Mobility between Rs 1,775 crore and Rs 2,833 crore, though this remains an independent estimate rather than a confirmed transaction valuation.
Outlook
The ₹50 crore infusion is modest relative to OSM’s broader capital plans, but it comes at a moment when the company is positioning itself for its next phase of growth in India’s expanding commercial EV market. With manufacturing expansion, R&D investment and dealer-network growth as stated priorities, the funding is likely to support OSM’s efforts to consolidate its position across three-wheelers, light commercial vehicles and two-wheelers, even as competition and profitability pressures intensify across the sector.
