SKG Investments closes a Rs 100 crore two-tranche raise for Omega Seiki Mobility, taking an equity stake in the EV three-wheeler maker's second round.
Key points
- SKG Investments Backs Omega Seiki Mobility
- How The Two-Tranche Funding Was Structured
- Inside Omega Seiki Mobility's Business
- India's Electric Three-Wheeler Market Backdrop
- About SKG Investments & Advisory
Omega Seiki Mobility just got a significant vote of confidence from its financial advisor. SKG Investments & Advisory has completed a Rs 100 crore fundraise for the electric three-wheeler maker, and in an unusual move, chose to step in as an investor itself during the same second tranche of the round.
SKG Investments Backs Omega Seiki Mobility
Table of Contents
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1. SKG Investments Backs Omega Seiki Mobility |
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2. How The Two-Tranche Funding Was Structured |
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3. Inside Omega Seiki Mobility's Business |
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4. India's Electric Three-Wheeler Market Backdrop |
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5. About SKG Investments & Advisory |
SKG served as transaction advisor across both rounds, handling investor positioning, deal structuring and negotiations from start to finish. Taking on the dual role of advisor and co-investor in the same transaction is uncommon in Indian financial advisory, and reflects just how confident the firm is in OSM's growth trajectory.
How The Two-Tranche Funding Was Structured
The raise was split into two rounds of Rs 50 crore each. In the first tranche, SKG stuck to its conventional advisory mandate, bringing in outside investors and structuring the deal terms. It was only in the second tranche that the firm decided to commit its own capital alongside its advisory work.
This kind of layered approach, where confidence builds enough across a first round to justify direct participation in the second, isn't something you see often in Indian EV fundraising, which is part of why this deal stands out.
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Inside Omega Seiki Mobility's Business
OSM operates in the electric three-wheeler passenger segment, led by Founder and Chairman Uday Narang. The company's promoter group also holds interests in OBSC and Omega Bright Steel, giving OSM a manufacturing base that many EV-focused start-ups simply don't have access to.
What genuinely sets OSM apart in this space is that it has maintained profitability, a rare trait in a sector where plenty of players have chased rapid expansion over financial discipline. Its current lineup includes models like the Omega Seiki Rage+, built for last-mile cargo and passenger transport applications.
India's Electric Three-Wheeler Market Backdrop
This fundraise lands at a time when India's EV market is genuinely picking up pace. EV passenger vehicle sales crossed 25 lakh units in FY2025-26, up 25% over the previous year, helped along by a shift in total cost of ownership that increasingly favours electric over petrol or diesel.
Three-wheelers specifically have been among the earlier categories to see meaningful EV penetration, largely thanks to lower upfront costs relative to four-wheelers and fleet economics that make the switch easier to justify. FAME scheme incentives have played a role too, narrowing the price gap between electric and ICE three-wheelers for commercial operators. OSM has also expanded into small electric trucks for urban delivery, including the Omega Seiki M1KA 3.0.
About SKG Investments & Advisory
SKG Investments & Advisory is headquartered in New Delhi, providing financial advisory services to high-net-worth families, corporates and institutions, spanning capital raising, deal structuring and investment strategy across sectors. The OSM transaction adds to a growing portfolio of mandates the firm has built in India's electric mobility and clean energy space.
This isn't OSM's only recent move either — the company has also been partnering with Electra AI on battery intelligence, suggesting the fresh capital may well be earmarked for technology investment alongside manufacturing scale-up. Buyers exploring the current lineup can browse the full Omega Seiki range, use the compare 3-wheelers tool to check specifications against rivals, and run financing scenarios through an EMI Calculator before making a purchase decision.
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Frequently Asked Questions On Commercial Vehicles
Q1. How much funding did Omega Seiki Mobility raise from SKG Investments?
Ans: Omega Seiki Mobility raised Rs 100 crore in total, structured across two tranches of Rs 50 crore each, with SKG serving as advisor throughout.
Q2. Did SKG Investments only advise on this deal, or did it also invest?
Ans: SKG acted purely as advisor in the first tranche, but chose to also invest its own capital as a participant during the second tranche.
Q3. What is the price and payload of the Omega Seiki Rage+?
Ans: The Omega Seiki Rage+ is priced from around Rs 3.59 lakh ex-showroom and offers a payload capacity of 480 Kg on a 960 Kg GVW.
Q4. What mileage does the Omega Seiki Rage+ offer?
Ans: The Omega Seiki Rage+ offers a mileage of around 70-80 Km, powered by an electric motor producing 6.4 HP and 80 Nm of torque.