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Omega Seiki Mobility and Log9 Materials will Invest Rs 150 cr in Charging Infrastructure

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Omega Seiki Mobility and Log9 Materials will Invest Rs 150 cr in Charging Infrastructure
07 Apr 2022
6 min read

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News Synopsis

Electric Vehicle Maker Omega Seiki Mobility and battery technology company Log9 have joined hands to invest Rs.150 crores in EV charging infrastructure by the Financial year 2024. Under this partnership, they will also launch 10,000 fast-charging Rage+ cargo three-wheelers across Tier-II/III markers by FY24. Log9 is already in a collaboration with OSM for its rapid charging technology called InstaCharge. In a press release, both the companies informed that they will install InstaCharging stations. These can fully charge a 3-wheeler within 35 minutes. Usually, a conventional electric three-wheeler takes around 3.5 hours to be fully charged. Informing about the partnership, Akshay Singhal, Founder & CEO of Log9 Materials said: ''With B2B last-mile deliveries still evolving yet accelerating in a major way in Tier II and III markets, we are confident that this initiative by Log9 and OSM will give further impetus to EV adoption in these areas. Besides, adopting EVs will also in the long run prove to be more profitable compared to the ICE vehicles.'' The companies further went on to inform us that Log9's RapidX batteries can be operated between -30° to 60° C.  The operational life of these batteries is 15,000+ cycles. Vivek Dhawan, Director for Marketing, Sales, and Service at Omega Seiki Mobility said: ''We are going hyperlocal with the presence of public rapid charging infrastructure, thereby democratizing the instant availability of these chargers eliminating range anxiety.''

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