Omega Seiki Mobility (OSM) said that it has teamed with Bengaluru-based advanced battery technology start-up Log9 Materials to invest Rs 150 crore in fast-charging infrastructure across the country by FY2024. The firms have formed a strategic alliance with the goal of deploying 10,000 Rage+ freight three-wheeler EVs in tier II and III cities throughout the nation by FY2024.
“Omega Seiki Mobility and Log9 will facilitate Rs 150 crore investment in fast-charging infrastructure across the nation by FY24,” the company said in a statement issued here.
In addition, Log9 and OSM will establish fleet partners in each of these cities/towns who will be the first adopters and evangelists of EV technology in their local markets. Uday Narang, Founder and Chairman of Omega Seiki Mobility, commented on the development, saying that the last-mile delivery ecosystem is increasing by leaps and bounds, and that converting to EVs in tier II and III becomes a necessity to address environmental issues.
“Our collaboration with Log9 is a major step in this direction. The company has a strong background of modern cell technologies and EV battery solutions to ensure optimum range, rapid charging and hence enhanced productivity,” he added.
Log9’s instacharge technology reduces overall charging time, further optimising charging infrastructure use and operating profitability for fleets.
Akshay Singhal, Founder and CEO, Log9 Materials said, “With B2B last mile deliveries still evolving yet accelerating in a major way in the Tier II and III markets, we are confident that this initiative by Log9 and OSM will give further impetus to EV adoption in these areas. Besides, adopting EVs will also, in the long run, prove to be more profitable compared to the ICE vehicles.”
