EV financing startup, Ohm Mobility secures Rs 3 cr in a pre-seed round led by Antler India. Along with Blume Founders Fund, other investors in the round included Sagar Gubbi of Ecoforge, Anshuman Bapna of Terra.do, Mathew Chako of Spice Route Legal, and Karishma Menon.
The funding will be used to create a technology hub for the industry. Ohm’s technological platform will serve as a vital link, tying EV players and a wide range of financial institutions together. Catalyst Fund and angel investors like Kunal Shah are also supporting Ohm, as per reported by BW Disrupt.
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Talking about the fundraise, Nikhil Nair, Founder and CEO said, “We are thrilled to receive support from one of the best early-stage investors in India. We are confident we have a scalable business.
The end-to-end financing platform Ohm Mobility was founded in 2020 by Oxford alumnus Nikhil Nair. They collaborate with financial institutions (banks, NBFCs, leasing firms, etc.) and assist them in finding, validating, and allocating money for fixed income EV assets.
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The funding in Ohm marks Antler’s entry into the EV sector in India. Talking about the investment, Vineet Agarwal, Investments Director at Antler said, “As EV penetration in India goes from 3 per cent to 50 per cent in certain categories by 2030, financing will play a crucial role in enabling this. There is currently no other marketplace model of this kind in India and we are thrilled to back Nikhil and the Ohm team in their journey.”
About Ohm Mobility
With the help of the end-to-end clean mobility financing technology platform Ohm Mobility, EV companies may effectively access institutional money.
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