Omega Seiki Joins Hands With Grip Invest, Plans To Lease 5,000 EVs By 2023:

EV maker Omega Seiki Mobility has formed a strategic partnership with Grip Invest for lease financing to retail investors, in a bid to cater to the growing demand for electric vehicles in the last-mile delivery segment.

Under the collaboration, Grip Invest, which is a digital platform for facilitating new-age investments, will finance 1,000 Rage+ Rapid e-three-wheelers of the company, with plans to expand to a minimum of 5,000 EVs by the end of the next year, Omega Seiki said.

The demand for leasing of commercial electric vehicles is very robust owing to the low-total cost of ownership, which is further fuelled by e-commerce players augmenting their EV fleet, the company said.

According to Omega Seiki Mobility, the global commercial vehicle rental and leasing market, which was valued at USD 77.42-billion in 2021, is expected to grow multi-fold over the next five years.

TVS Motor Company, the flagship company of TVS Group, has joined the United Nations Global Compact (UNGC), the world’s largest voluntary corporate sustainability initiative. TVS Motor has become the 1st Indian two-wheeler and three-wheeler manufacturer to join the UNGC. TVS Motor will also engage in collaborative projects which will advance the development goals of the UN, particularly the Sustainable development goals (SDG).

State-owned Energy Efficiency Services Ltd (EESL), a joint venture of NTPC Ltd and Power Grid Corp. of India Ltd, has appointed Arun Kumar Mishra as chief executive officer (CEO) on deputation.
This follows EESL's executive vice chairperson Saurabh Kumar resigning. The PSU, set up under union power ministry, has been allotted the demand aggregation of electric three-wheeler and electric bus component under the ₹10,000 crore Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (Fame) scheme of the central government.