Omega Seiki Mobility (OSM), a part of the Anglian Omega Group today announced a joint venture with iM3NY, a prominent battery technology player in the US, to bring battery cell technology in the Indian market for the first time from the subcontinent. Also, OSM previously signed a Joint Venture with Jae Sung: Korean Technology Player, for manufacturing of localized EV powertrains fuelled by Jae Sung’s expertise and technology prowess. A total of 6 variants of the powertrain company have been developed from 7.5 KW to 34 KW for the entire range of OSM’s electric Vehicles. Making Omega Seiki Mobility India’s first completely integrated electric OEM, manufacturing its own Battery packs, Power trains, metal assemblies, Vehicles, and providing mobility solutions.
Post the COVID-19 pandemic, the world economy faced a meltdown and its aftermath has established major challenges for the global EV supply chain. With slower shipments, global political unrest, price hikes across raw material sources, inflated demand, and strained relations with the Chinese economy, Making India’s Atmanirbhar mission a primary focus. India’s battery market accounts for a total demand of 3GWh and is slated to increase to 20 GWh in 2026 and 70 GWh in 2030. With the requirement of enhanced battery pack manufacturing capacity, India also requires quality-oriented focus and delivery. As of now, the focus of players in the segment has been local manufacturing using local materials and technology. At this juncture, Omega Seiki Mobility to set up two New Green Field Manufacturing facilities to manufacture the components. The company already has four state-of-the-art manufacturing factories for its electric vehicles in Delhi NCR and Pune. The company has lined up an investment of 800 cr. for setting up component facilities.
While Signing the JV, Mr. Uday Narang, Founder, and Chairman, 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 ”
iM3NY is a leading player in Li-ion batteries in the USA. Founded by a group of companies including C4V, Magnis Energy Technology, and others, and led by ex-Tesla employee Chaitanya Sharma, iM3NY operates a Gigafactory in upstate New York. The company targets both the ESS and EV markets. iM3NY Li-ion cells utilize a cutting edge and differentiated technology known as Bio mineralized Lithium Mixed Metal Phosphate (BM-LMP). This chemistry touts a number of advantages over typical LFP chemistries, from increased energy density to improved cycle life. This will translate to better-performing packs for EV applications.
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 mind-set. This partnership is strategically important for the electrification of the automotive industry, an undeniable trend that iM3NY is proud to be a part of. ”
EV Powertrain consists of motor, gear reducer unit and controller. This is the critical part which powers the vehicle. 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 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% light weight 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 “.
Omega Seiki Mobility believes in creating sustainable mobility solutions with integrated approach of connecting Automobiles and the Society. The brand’s focus is to eventually create a clean ecosystem with eco-friendly, safe and congestion free mobility. OSM is one of India’s leading clean energy incubators and has become synonymous with India’s sustainability success. The electric vehicle manufacturing company aims to fast-track future mobility, with green energy at its core, by implementing data-driven, smart engineering.
About Anglian Omega
Anglian Omega Group started business operations in 1971 in Faridabad with a single Bright bar factory. After building a prominent position as the leaders in India in Bright Bar Steel, they have expanded focus with significant investments in the infrastructure sector with the development of large-scale warehousing and cold storage facilities across multiple locations in India. Internationally, Anglian Omega also has investments in, and partnerships with organizations in multiple sectors including Art, Beauty, and Lifestyle; Business Incubation and Services; Manufacturing Automotive Components; Electric Mobility; Craft and Design; Financial Services; Green Energy; Hospitality; Mobile Technologies and Applications; Real Estate; Steel Manufacturing; and Sports. Anglian Omega has offices in Thailand, Dubai, Germany, Switzerland and recently opened an office in Japan.
About Omega Seiki Private Limited
Omega Seiki Private Limited is a member of the Anglian Omega Network. Omega Seiki will focus on manufacturing cold-forming parts for the automotive & rail industries in India & abroad. It is set up as well for manufacturing high-precision machining powertrain parts using the latest high-value cutting-edge technologies. At present, the company has its base in Faridabad and Pune which cater to the two major Auto hubs for OEMs in India. The company is increasing its global footprint by setting up its international base. Omega Seiki Mobility is the mobility arm of the company looking at providing smart, green solutions for e-commerce, cargo and logistics companies.