Omega Seiki Mobility has raised ₹50 crore ($5.2 million) from Saket Aggarwal Family Office, Securocorp Securities, and angel investors Sangeeta Pareekh and Vanshika Sharma.
The Delhi NCR company will use the capital to expand manufacturing, R&D, and dealer networks across its two-wheeler, three-wheeler cargo, and light commercial vehicle lines.
OSM posted ₹333 crore in FY26 revenue and ₹7.3 crore profit after tax, a 7.7% EBITDA margin. Named clients include Amazon, Flipkart, Zomato, BigBasket, Porter, Maersk and Nestlé, which are electrifying delivery fleets under the PM E-DRIVE subsidy scheme.
A Wider Bet Than Its Rivals
Competitors including Euler Motors, Altigreen and Piaggio have largely consolidated around cargo three-wheelers. OSM has instead built across cargo, passenger vehicles, premium two-wheelers and light commercial vehicles.
Euler Motors raised ₹437.5 crore in March for product lines and manufacturing capacity, more than eight times OSM’s new round. A pre-IPO research report valued OSM between ₹1,775 crore and ₹2,833 crore.
OSM is backed by the Anglian Omega Group, a 55-year-old consortium spanning six countries and more than 20 companies. At ₹333 crore in FY26 revenue, OSM trails Euler’s scale, but its ₹7.3 crore profit sets it apart from loss-making peers.
Sources
- Inc42: contributed reporting
- AutoPunditz: contributed reporting
Reporting compiled and contextualised by TechScoop India. Figures reconciled across the sources above.
Originally reported by Inc42.