New Delhi: Omega Seiki Mobility (OSM) has entered into a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to enhance the accessibility of retail electric vehicles (EVs) across India.
The collaboration aims to streamline vehicle inventory funding for dealer partners and provide comprehensive retail financing solutions to customers.
Omega Seiki Mobility has already financed 8000 electric vehicles, totaling INR 350 crore. The company has ambitious plans to finance an additional 7500 electric vehicles worth INR 300 crore over the next three years.
The partnership prioritizes both rural and urban customers by offering relatively low-cost financing options. The collaboration also aims to empower rural communities by providing cleaner and more efficient transportation options, addressing socio-economic development needs.
Uday Narang, Founder and Chairman of Omega Seiki Mobility, expressed his vision for the partnership. He emphasized that the collaboration goes beyond transactions, aiming to empower individuals and communities, making electric mobility accessible across the nation.
Amitabh Rai, DGM- MSME, Punjab National Bank, highlighted that the MoU enables seamless financing solutions for electric 3-wheelers, contributing to eco-friendly mobility solutions.
Rakesh Ranjan, Head of Retail Finance at Omega Seiki Mobility, emphasized the transformative nature of the partnership, stating that it ushers in an era of eco-friendly mobility and envisions electric vehicles as catalysts for positive social change.
Omega Seiki Mobility has also established partnerships with other financial institutions, catering to retail and captive customers. These affiliations offer seamless funding at competitive interest rates, contributing to broader financial inclusion initiatives.
