Electric vehicle manufacturer Omega Seiki Mobility (OSM) has raised ₹50 crore ($5.2 million) in a fresh funding round led by Saket Aggarwal Family Office, Securocorp Securities, and angel investors Sangeeta Pareekh and Vanshika Sharma, the company announced. Founded in 2018 by Uday Narang, OSM plans to use the capital to expand manufacturing capacity, enhance R&D, and strengthen its nationwide dealer and service network.
OSM operates across multiple vehicle categories including two-wheelers, cargo and passenger three-wheelers, and commercial trucks. Its product lineup features models such as Rage+, Stream, and Mopido. The company is part of the Anglian Omega Network, a consortium of family-owned businesses with a presence in six countries including India, UAE, Switzerland, Thailand, Japan, and Hong Kong. OSM’s production facilities are located in Faridabad and Pune, and the fresh funds will accelerate the rollout of next-generation electric mobility solutions.
The fresh funding positions OSM to compete with established players like Mahindra Electric, Euler Motors, Altigreen, and Piaggio Vehicles. Unlike many peers focusing mainly on cargo EVs, OSM has developed a broader product range spanning cargo three-wheelers, passenger EVs, premium two-wheelers, and light commercial vehicles. This diversified approach aims to capture a wider share of India’s growing electric mobility market, which is seeing increased demand amid government incentives and rising environmental awareness.
OSM’s ₹50 crore funding round follows its ongoing expansion efforts, with the company actively scaling its footprint across multiple EV segments. The next milestone will be the launch of new models and expanded dealer networks, which the company expects to announce in the coming months, reinforcing its position in India’s evolving EV landscape.