Omega Seiki Mobility, Mufin Green Set to Finance 7,500 electric three-wheelers by 2024

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Mufin Green will finance more than 300 crore worth of EVs of Omega Seiki Mobility; financing facility to be available at 140+ OSM dealerships

Leading Indian electric vehicles (EVs) maker, Omega Seiki Mobility recently announced that it has forged a partnership with Mufin Green Finance to provide lease financing solutions to its B2B customers and retail financing to its B2C customers. As per the deal, Mufin Green will finance 4000 cargo and passenger EVs by 2024 and 3500 units of OSM cargo electric three-wheelers by 2023.

The official note mentioned that Mufin Green will finance more than 300 crore worth of EVs of Omega Seiki Mobility. It is further noted that customers can avail of the financing facility across 140+ dealerships of Omega Seiki Mobility in India.

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The founder and Chairman of Omega Seiki Mobility, Uday Narang remarked: “Indian automotive market has shown a rising demand for electric vehicles and providing EV financing options would be a great way to accelerate India’s transition to an electric future. We have an existing order book of over 35,000 electric cargo and passenger vehicles. We are happy to partner with Mufin Green Finance to assist our authorized passenger electric vehicle dealer and B2B partners with an exclusive financing program.”

Kapil Garg, Chairman of Mufin Green Finance stated, “The partnership with OSM is a solid validation of our climate-focused financing mission. We are focused on catering to the underserved or low-income segment and creating a meaningful social and climate impact.”

With manufacturing facilities in Delhi NCR and Pune, Omega Seiki Mobility is presently in the process of investing Rs 800 crore to set up two manufacturing facilities for EVs and components.

A subsidiary of Hindon Mercantile Limited, 2016-born Mufin Green Finance is a listed non-banking financial company (NBFC) catering to EV loans for income generation purposes.


 

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