Omega Seiki Mobility (OSM) has signed a memorandum of understanding with Punjab National Bank (PNB) to help dealer partners streamline vehicle inventory funding and offer comprehensive retail financing solutions to their customers.
OSM believes that providing low-cost, innovative financing options for rural and urban customers is crucial in driving widespread adoption and promoting sustainable mobility in the electric vehicle industry.
A press release from OSM noted that by pooling expertise and resources from both entities, the partnership is set to bolster the electric vehicle market and create a greener, cleaner, and more sustainable future for transportation in India.
Uday Narang, Founder and Chairman, OSM, noted that the company aims to provide more than just financing options; it is building a bridge to a greener, more inclusive future for every Indian.
“We envision a future where electric vehicles become catalysts for positive social change, driving socio-economic development and reducing our carbon footprint,' Narang added.
Amitabh Rai, DGM- MSME, PNB, stated that the partnership aims to provide seamless financing solutions for electric 3-wheelers and cargo loaders.
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