Omega Seiki and Exponent Energy launch the OSM Stream City Qik, electric 3W priced at INR 3,24,999 • EVreporter

Omega Seiki Mobility and Exponent Energy have jointly introduced the OSM Stream City Qik, an passenger electric three-wheeler priced at INR 3,24,999/- (Ex-Showroom). The vehicle features a rapid-charging capability, charging from 0-100% in 15 minutes on Exponent’s charging network available in six Indian cities. It offers a city drive range of 126 kilometers on a single charge, powered by Exponent’s 8.8 kWh battery pack. Additionally, the vehicle comes with a warranty of 2,00,000 km or 5 years, whichever comes first.

Exponent Energy plans to install 100 charging stations in Delhi-NCR and Bengaluru in 2024, with further expansion in Chennai, Ahmedabad, Kolkata, and Hyderabad. The OSM Stream City Qik aims to enhance drivers’ earning potential by minimizing downtime between rides, allowing for more trips and potentially increasing monthly income by at least 30%.

Uday Narang, Founder and Chairman of Omega Seiki Mobility, stated, “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 revolutionize their earnings potential. By minimizing downtime and maximizing efficiency on the road, the Qik ensures that every journey translates into tangible financial gains for our drivers. At Omega Seiki Mobility, we’re not just shaping the future of mobility; we’re empowering drivers to thrive in it. Our commitment to innovation extends beyond technological advancements; it’s about elevating livelihoods, fostering economic independence, and driving positive change in communities. With the OSM Stream City Qik, we’re not just redefining urban transportation; we’re reshaping the landscape of opportunity for drivers across the nation.”

Arun Vinayak, Co-founder & CEO of Exponent Energy stated, “Exponent is all about unlocking freedom & flexibility so that everyone can go electric seamlessly. 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. We’re excited to enter the 3W passenger segment with Omega Seiki Mobility and share their vision of economic empowerment through innovation for users.”

India’s passenger three-wheeler segment has seen significant growth in January 2024, with sales surpassing 53,537 units, marking a 75% year-on-year increase. Projections indicate sales could reach half a million units this fiscal year. Omega Seiki Mobility collaborates with stakeholders to drive innovation and sustainability in urban transportation. They prioritize partnerships with government bodies, industry players, and technology providers to shape the future of mobility, as reported in their official statement.

Also read: Omega Seiki Mobility leads e-3W L5 cargo sales in March 2024