Omega Seiki Mobility (OSM), an Anglian Omega Group Company and Mufin Green Finance (MGF), a listed non-banking financial company (NBFC), today announced a strategic partnership for providing lease financing solutions to B2B customers and retail financing to B2C customers of the vehicle maker.
Under the partnership, MGF will fund 3,500 units of cargo electric three-wheelers for OSM’s B2B customers by 2023 and 4,000 cargo and passenger electric vehicles for B2C retail customers by 2024.
MGF will finance over INR 300 crore through the existing 140+ dealer touch points and all new dealerships to be opened in 2023 by the vehicle maker.
Uday Narang, Founder and Chairman, OSM, said, “We have an existing order book of over 35,000 electric cargo and passenger vehicles. We are happy to partner with MGF to assist our authorised passenger electric vehicle dealer and B2B partners with an exclusive financing programme.”
Kapil Garg, Chairman, MGF, added, “EV is a fast-evolving market and there’s a strong push from various stakeholders. The partnership with OSM is a solid validation of our climate-focused financing mission. We are focused on catering to the underserved or low-income segment and creating a meaningful social and climate impact.”
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