Commerical EV maker Omega Seiki Mobility raises Rs 50 Cr
Omega Seiki Mobility will utilise this funding round for expanding its manufacturing capacity, strengthen R&D and enhance the dealer network.
Electric commercial vehicle manufacturer Omega Seiki Mobility (OSM) has raised Rs 50 crore in a funding round co-led by Securocorp Securities, with participation from Sangeeta Pareekh, Saket Aggarwal Family Office and Vanshika Sharma, as the company looks to accelerate its next phase of growth in India's fast-expanding electric mobility market.
The fresh capital will be deployed to expand manufacturing capacity, strengthen research and development, enhance OSM's nationwide dealer and service network, and accelerate the rollout of next-generation electric mobility solutions. The company currently operates manufacturing facilities in Faridabad and Pune and has a presence across cargo three-wheelers, passenger vehicles, premium electric two-wheelers and electric light commercial vehicles.
Founded in 2018, OSM has emerged as one of the country's growing commercial EV manufacturers, focusing on product innovation and domestic manufacturing. The company is backed by the 55-year manufacturing legacy of the Anglian Omega Group and counts Amazon, Flipkart, Zomato, BigBasket, Porter, Maersk and Nestlé among its customers.
"This investment reflects the confidence investors have in our vision, execution and long-term strategy," said Dr. Uday Narang, Founder and Chairman of Omega Seiki Mobility. He added that the company has spent the past eight years building a business centred on manufacturing excellence, innovation and financial discipline, and remains committed to delivering sustainable mobility solutions as India's EV market enters its next phase of growth.
OSM's latest financial performance highlights its improving business fundamentals. The company reported revenue of approximately Rs 333 crore in FY26, posted a profit after tax of Rs 7.3 crore and achieved an EBITDA margin of 7.7%. According to a recent pre-IPO research report cited by the company, OSM has been valued between Rs 1,775 crore and Rs 2,833 crore, reflecting its growing position in the electric commercial vehicle segment and long-term growth prospects.