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Omega Seiki to invest INR 800 Crore to set up two component manufacturing facilities

Omega Seiki Mobility (OSM), a part of the Anglian Omega Group, has announced a joint venture with iM3NY, a battery technology player in the US, to bring cell technology to India. Also, OSM previously signed a Joint Venture with Jae Sung: a Korean player, for the manufacturing of localized EV powertrains fuelled by Jae Sung’s technology. A total of 6 variants of the powertrain have been developed from 7.5 KW to 34 KW for the entire range of OSM’s electric Vehicles. Omega Seiki Mobility says it has become India’s first completely integrated electric OEM, manufacturing its own battery packs, Power trains, metal assemblies, vehicles and providing mobility solutions. 

Omega Seiki Mobility intends to set up two new green field manufacturing facilities to manufacture the components. The company already has four factories for its electric vehicles in Delhi NCR and Pune and has lined up an investment of INR 800 crores for setting up component facilities.

Uday Narang, Founder and Chairman at Omega Seiki Mobility, said, “Omega Seiki Mobility is India’s first fully integrated electric vehicle OEM with its own Battery, Power train technologies. These technologies give us control over the critical parts of the supply chain, thus helping us become a large-scale player in the industry. As cell and battery technologies are evolving rapidly, any serious OEM will need to continuously invest in them. Alliance with iM3NY ensures our access to world-class technology in batteries. Similarly, Power trains are evolving into high-efficiency, integrated systems, which Jae Sung Korea brings to us. I compliment both my partners and welcome them to India “.

Regarding cell technology JV with iM3NY

iM3NY is a Li-ion batteries player in the USA and operates a Gigafactory in upstate New York, added the release. The company targets both the ESS and EV markets. iM3NY Li-ion cells utilize Bio mineralized Lithium Mixed Metal Phosphate (BM-LMP) technology that touts a number of advantages over typical LFP chemistries.

Commenting on the occasion, Chaitanya Sharma, iM3NY’s CEO, said, “We are incredibly excited to work with Omega Seiki, a like-minded partner with a future-focused mindset. This partnership is strategically important for the electrification of the automotive industry, an undeniable trend that iM3NY is proud to be a part of.

Regarding powertrain JV with Jae Sung Korea

EV Powertrain consists of a motor, gear reducer unit and controller. Omega Seiki will manufacture these along with Jae Sung Korea as their JV partner. Speaking on the powertrain, Mr Narang said, “Our Power trains have always been high quality and reliable. Now we are very pleased to bring the next generation of motor, controller and gear unit technology to India. This is an integrated design which packs in more power, efficiency and acceleration at a much cheaper cost. I am very pleased with the work done by partners Jae Sung and the team“.

Jae Sung Tech Korea is a leading design and product development company in South Korea. They specialise in system design and integration of Power trains for various categories of EVs, starting from golf carts to cars.  Lee Hyunjin, President of Jae Sung Korea, said, “We are very pleased to tie up with Omega Seiki, who are the market leaders in electric 3-wheelers. We have designed our Higo Power trains for India, keeping Indian driving conditions in mind. These are integrated design, 20% lightweight and have more power than existing powertrains. This makes the vehicle lighter and gives more mileage. We have developed 6 variants from 7KW to 34 KW, which we -will bring to our India JV. I am very excited by this alliance “.

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