Omega Seiki Mobility Completes Rs 100 Crore Fundraise

Omega Seiki Mobility Completes Rs 100 Crore Fundraise

Omega Seiki Mobility (OSM), an India-based electric three-wheeler manufacturer, has completed a Rs 100 crore fundraise with SKG Investments & Advisory serving as transaction advisor across both rounds. The capital was raised through two tranches of Rs 50 crore each. In the second tranche, SKG also participated as an investor, moving beyond its conventional advisory role. This combination of transaction advisory and direct investment indicates a stronger level of conviction in OSM's business and growth prospects. The transaction was managed comprehensively by SKG, covering investor positioning, deal structuring, and negotiations for both fundraising rounds.

SKG's Dual Role in the Transaction

SKG Investments & Advisory managed the fundraising process across both tranches, supporting OSM with investor positioning, transaction structuring, and negotiations. The firm's participation as an investor in the second tranche adds a distinct dimension to the transaction because advisory firms do not commonly combine these roles within the same fundraising process. By investing alongside its advisory mandate, SKG demonstrated confidence in OSM's business prospects while continuing to support the company through the transaction. The deal therefore represents not only a capital-raising exercise for OSM but also an example of SKG taking a more involved position in an electric mobility company.

Omega Seiki Mobility's Business and Ownership

OSM operates in the electric three-wheeler passenger segment, a category that has experienced demand growth alongside broader electric vehicle adoption in India. The company is led by Uday Narang, its Founder and Chairman. OSM's promoter group also has interests in OBSC and Omega Bright Steel, providing the company with a base connected to established manufacturing operations. OSM has maintained profitability, distinguishing it within a sector where several companies have prioritized rapid expansion. Its position in electric three-wheelers gives the company exposure to commercial mobility applications where operating economics and total cost of ownership can influence vehicle purchasing decisions.

India's EV Three-Wheeler Market Growth

The fundraise comes against a backdrop of continued growth in India's electric vehicle market. EV passenger vehicle sales crossed 25 lakh units in FY2025–26, representing a 25% increase from the previous year, with the shift in total cost of ownership toward electric vehicles contributing to adoption. Three-wheelers have been among the earlier vehicle categories to achieve meaningful EV penetration. The segment serves both last-mile passenger transportation and goods delivery, while relatively lower upfront costs compared with four-wheelers and the economics of commercial fleet operations can strengthen the business case for electrification. These factors have supported the development of India's electric three-wheeler market.

Policy Support for Electric Three-Wheeler Adoption

Government policy has also supported the expansion of electric three-wheelers in India. Central and state incentives under the FAME scheme and its successors have helped reduce the price difference between electric and internal combustion engine three-wheelers. Lowering this upfront cost gap can make electric vehicles more accessible to commercial operators, particularly where vehicle utilization is high and operating economics are important to purchase decisions. The policy environment has therefore contributed to the broader adoption of electric mobility across commercial applications. For manufacturers such as OSM, continued development of the electric three-wheeler market provides an environment in which funding can support business growth while demand is being shaped by both economics and policy support.

SKG Investments & Advisory's Role

SKG Investments & Advisory is headquartered in New Delhi and provides financial advisory services to high-net-worth families, corporates, and institutions. Its activities include capital raising, deal structuring, and investment strategy across sectors. The OSM transaction adds to the firm's mandates in India's electric mobility and clean energy space, where it has been developing a track record over recent years. Its involvement in both advisory and investment capacities in the OSM transaction further reflects its participation in the sector. The Rs 100 crore fundraising gives OSM additional capital while reinforcing SKG's role in transactions involving India's evolving electric mobility and clean energy ecosystem.

Frequently Asked Questions

What is the significance of Omega Seiki Mobility's Rs 100 crore fundraise?
Omega Seiki Mobility's Rs 100 crore fundraise provides capital to an electric three-wheeler manufacturer operating in India's expanding electric mobility market. The transaction was completed in two Rs 50 crore tranches, with SKG Investments & Advisory acting as transaction advisor across both rounds. SKG also invested in the second tranche, making its involvement more significant than a conventional advisory mandate. The dual role indicates confidence in OSM's business and growth prospects while highlighting continued investor interest in India's electric three-wheeler segment, where commercial operating economics and supportive government policies have encouraged electric vehicle adoption.