Omega Seiki Mobility invests 100 Crore to set up EV manufacturing facility in UP

Omega Seiki Mobility

Signs MoU with Youth Rural Entrepreneur Foundation (YREF) to create 10,000 jobs in 2 Years

Omega Seiki Mobility (OSM), part of Anglian Omega Group of companies, will be investing 100 Crore to set up an EV manufacturing facility in Uttar Pradesh.

Omega Seiki Mobility Pvt. Ltd. (OSM) and Youth Rural Entrepreneur Foundation (YREF), signed a memorandum of understanding (MoU) to set out the framework under which OSM and YREF will set up a complete electric vehicle manufacturing facility in Ghazipur, Uttar Pradesh. The OEM will be creating 10,000 jobs in the next 2 years in Ghazipur.

The EV manufacturing facility in Ghazipur, UP will be a pilot project for OSM where-in the company plans to manufacture electric vehicles like electric carts for street vending on three-wheeler and two-wheeler.

About Youth Rural Entrepreneur Foundation:

The Youth Rural Entrepreneur Foundation (YREF) is working towards the objective of creating employment opportunities for the youth living in the rural areas of India.

YREF was founded by the Social Entrepreneur Mr. Sanjay Rai Sherpuria, who is famed for setting up Lakdi (firewood) Banks to help the poor and marginalised perform the last rites of their family members during the peak second wave of the COVID-19 pandemic.

The Youth Rural Entrepreneur Foundation works closely with the central and state governments to create self-employment opportunities for rural youth in the country.

The foundation has been working with several government and non-government agencies in its mission to generate enough entrepreneurial opportunities to enable youth in their respective regions. The foundation aims to eliminate the need for the youth to migrate to cities for employment.

About Omega Seiki Mobility:

Omega Seiki Mobility (OSM) is a leading player in the Electric vehicles space in India. The company has designed, developed and manufactured its own 3-wheeler EV under the RAGE+ brand.

The company also recently launched a refrigerated vehicle under the FROST brand name to take care of vaccine and food delivery.

Omega Seiki likes to call itself a “Technology in Motion” company and is partnering with leading players in Battery, Charging Infra and Powertrain.

Disclaimer:- This story has not been edited by SugerMint staff and is auto-generated from news agency feeds. SugerMint will not be responsible in any way for the content of this story.

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