Ohm Mobility, founded in 2020 and based in Bengaluru, India, is a company that facilitates the financing of electric vehicles (EVs). With an innovative platform that connects EV borrowers with institutional capital, it aims to simplify and expand access to electric mobility solutions. The company was established by Nikhil Nair and Nikhil Saigal and has successfully attracted funding of approximately $620,000 from key investors, including Antler India. Ohm Mobility focusses on providing an efficient end-to-end platform for clean mobility financing, targeting both new and existing electric vehicle enterprises.
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Bengaluru, India |
| Founders | Nikhil Nair, Nikhil Saigal |
| Revenue | ₹32.6 lakh (as of March 31, 2024) |
| Industry | Electric Vehicle Financing |
| Key Investors | Antler India |
| Number of Employees | 11-50 |
Ohm Mobility was established in 2020 by Oxford alumni Nikhil Nair and Nikhil Saigal, who sought to leverage their expertise to widen access to EV financing in India. Initially, the company focused on bridging the gap between demand-side EV borrowers in need of capital and financial institutions capable of supplying it. Early on, Ohm Mobility attracted investors from the Antler cohort, which facilitated its initial growth phase. Within its first year, it became known for its platform that enabled efficient financing for EVs, addressing the unique challenges faced by the Indian market, such as high upfront costs and the need for flexible payment structures.
Ohm Mobility operates a unique business model focused on integrating technology with electric vehicle financing. Their platform efficiently connects wannabe EV owners with capital, promoting the expansion of green transportation alternatives in India.
Ohm Mobility, now rebranded as Ohm Daily, continues its operations with a robust focus on providing financial services for the mobility sector, adapting to daily income challenges faced by gig workers. Positioned as a leader in EV financing, the company leverages technology to streamline financial processes, making sustainable transport feasibly accessible across different income brackets in India. Ohm Daily’s presence in urban mobility has fortified its market position, indicating substantial growth potential in a rapidly evolving industry.
Ohm Mobility stands as a pivotal player in the realm of electric vehicle financing in India. With strategic funding, innovative solutions, and a keen adaptation towards market demands, it aligns closely with the global movement towards sustainable and clean transportation. The transition to Ohm Daily suggests a broadening focus, promising to further impact the livelihoods of daily earners and significantly contributing to India’s clean mobility objectives. As the company continues to expand its portfolio and technological capabilities, it is well-positioned to shape the future landscape of urban mobility, fostering inclusive financial ecosystems within the electric vehicle sector.