Anglian Omega Group Launches Financing Arm For EVs

The Anglian Omega Group, the parent company of electric vehicle and electric mobility company Omega Seiki Mobility (OSM), has launched a new smart financing arm, calling it Anglian Finvest. The new company will be the first "only electric vehicles financing company" in India, the company said in a statement. Customers of Omega Seiki Mobility, the EV arm of the Anglian Omega Group, can finance Omega Seiki electric vehilces. The company has already dispersed Rs. 10 crore worth of loans, the statement from OSM added.

Also Read: Omega Seiki Mobility Partners With Exicom For Lithium-Ion Batteries

Uday Narang, Founder and Chairman, Omega Seiki Mobility

The Anglian Finvest loan facility is available pan-India. The subsidiary will provide attractive finance schemes, which will include customised products for OSM customers. Anglian Finvest will cover a wide range of profiles to meet the demands of a diverse range of customers in India, the company added in the statement.

Also Read: Omega Seiki Mobility Unveils M1KA Electric Light Commercial Vehicle

Omega Seiki Mobility Zoro electric scooter seems to be built for B2C and B2B usage

Uday Narang, Chairman, Anglian Omega Group said, "Anglian Finvest is India's first and only electric vehicle financing company. Lack of institutions providing electric vehicles financing makes the process frustrating and tiresome for the customer, hence we thought of launching Anglian Finvest. The company will enhance the customer experience and journey while financing OSM vehicles. For the initial phase, we are only financing Omega Seiki Mobility vehicles, but in the long term we plan to offer loans to other electric vehicle companies."

Also Read: Omega Seiki Mobility Unveils Electric Scooters

The Anglian Omega Group intends to invest Rs. 250 crore in Anglian Finvest over the next three years. Anglian Finvest will cover all kinds of customers, including salaried and self-employed individuals and no income proof is required to get financing approved for an Omega Seiki Mobility electric vehicle, the company added.