EV Manufacturer Omega Seiki Raises Additional ₹50 Cr To Accelerate International Expansion

EV manufacturer Omega Seiki Mobility (OSM) has announced the acquisition of an additional ₹50 Cr ($5.2 Mn) in fresh funding, led by Abhishek Misra of Unistone Capital. This comes just weeks after OSM announced a previous funding round of the same size, in July. The latest round of capital is aimed at expanding OSM's manufacturing capacity, bolstering its research and development efforts, enhancing its nationwide dealer and service network, and accelerating the rollout of next-generation electric mobility solutions.

Founded in 2018 by Uday Narang, OSM is an EV manufacturer producing a range of vehicles including two-wheelers, cargo and passenger three-wheelers, and trucks designed for commercial use. Its models include the Rage+, Stream, and Mopido. OSM operates manufacturing facilities in Faridabad and Pune, with ambitions to build a broader electric mobility ecosystem encompassing manufacturing, distribution, and servicing.

It is part of the global Anglian Omega Network, a consortium of more than 20 family-owned businesses operating in six countries: India, UAE, Switzerland, Thailand, Japan, and Hong Kong. OSM currently has a presence in 150 touchpoints across India and plans to increase this to 250 by the end of FY28. The company is also looking to expand its footprint beyond India, with a particular focus on African regions.

In August 2025, OSM opened its first overseas manufacturing plant in Jafza, Dubai. OSM's CEO, Uday Narang, stated that as India's EV market enters its next growth phase, the company remains committed to creating scalable electric mobility solutions that generate long-term value for customers, partners, and investors. OSM currently generates ₹333 Cr in revenue annually, with a profit after tax of ₹7.3 Cr and an EBITDA margin of 7.7%.