IPO-bound Electric Vehicle (EV) manufacturer Omega Seiki Mobility (OSM) has joined hands with Exponent Energy to launch a passenger Electric Three-Wheeler (E3W) which has 15-minute rapid-charging capabilities. Christened as OSM Stream City Qik, the product is priced at Rs 3,24,999 (ex-showroom) and comes with a warranty of 2 lakh kilometers or five years, whichever comes first.
"The OSM Stream City Qik isn't just a vehicle; it's a catalyst for economic empowerment. With its 15-minute rapid charging capability powered by Exponent, drivers now have the power to revolutionise their earnings potential," Uday Narang, Founder and Chairman of Omega Seiki Mobility, said in an official statement.
The OSM Stream City Qik is equipped with a 8.8-kWh battery pack that has a claimed range of 126 kilometres. The New-Delhi based firm claimed that this new E3W empowers drivers to complete more trips in a shorter span, significantly boosting their monthly income by a minimum of 30 percent.
“By minimizing downtime and maximizing efficiency on the road, the Qik ensures that every journey translates into tangible financial gains for our drivers. At OSM, we're not just shaping the future of mobility; we're empowering drivers to thrive in it,” added Narang
Exponent Energy will deploy 100 charging stations in Delhi-NCR and Bengaluru in 2024 and further add its network presence in Chennai, Ahmedabad, Kolkata, and Hyderabad.
“On one hand, our 15-minute rapid charging maximises freedom and earnings; on the other hand, a longer battery warranty enables better financing terms and reduces monthly EMIs. This dual benefit of maximum revenue and lower cost unlocks the highest possible profit a user can extract from their Exponent-powered EV compared to any other EV or ICE vehicle,” Arun Vinayak, Co-founder & CEO of Exponent Energy said in an official statement.
It may be recalled that last year OSM had rolled out e-rickshaws for urban markets. Early this year, the company deployed 500 E3Ws for last-mile delivery under a strategic partnership with logistics services provider Kissan Mobility. In February this year, it had also come up up with hydrogen -powered Small Commercial Vehicles.
"The company is expecting to become EBITDA (earnings before interest, taxes, depreciation, and amortisation) positive this fiscal driven by anticipated higher vehicle sales," added Narang.
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