Industrial electrical automobile (EV) producer Omega Seiki Mobility (OSM) has raised a further Rs 50 crore funding co-led by Abhishek Misra (SKG Asset Administration & SKG Fund), Unistone Capital, Sanjeev Agarwal Household Workplace, and Brijesh Parekh Household Workplace.

The most recent funding will assist the corporate scale its electrical mobility enterprise and consider its path towards the general public markets. It’ll use the funds to extend its put in manufacturing capability, strengthen R&D, broaden its supplier and repair community, and speed up the rollout of next-generation electrical mobility merchandise.

Earlier this month, OSM had raised Rs 50 crore funding from Securocorp Securities, Sangeeta Pareekh, Saket Aggarwal Household Workplace, and Vanshika Sharma.

Dr Uday Narang, Founder & Chairman, Omega Seiki Mobility, mentioned, “This fundraise marks a major milestone for Omega Seiki Mobility as we transfer into the following part of our progress journey. The boldness proven by our buyers strongly validates our imaginative and prescient, execution capabilities, and long-term technique. Over the previous eight years, we’ve got constructed the corporate on a basis of producing excellence, innovation, and monetary self-discipline.”

He additional added, “We stay targeted on constructing scalable electrical mobility options that create long-term worth for our clients, companions, and buyers.”

OSM plans to broaden its electrical mobility enterprise utilizing its current manufacturing capability, product portfolio, and distribution community.

The corporate is increasing into passenger mobility, premium electrical two-wheelers, and electrical gentle business autos, alongside its current cargo three-wheeler enterprise. These segments are supposed to handle purposes throughout last-mile logistics, passenger transportation, and business mobility.

OSM at present operates 150 touchpoints throughout India and plans to extend its community to 250 by FY28. The corporate can be evaluating alternatives exterior India, together with markets in Africa, as a part of its growth plans.