OPG Mobility, formerly known as Okaya EV, is looking to raise approximately ₹400 crore over the next 18-24 months to support its growth initiatives, which include expanding its product range and enhancing its sales and service network. Managing Director Anshul Gupta shared the company’s plans with PTI, noting that the funds will help drive the launch of new products and the expansion of its operations.
The company recently rebranded and will now operate its two-wheeler division under the ‘Ferrato’ brand. This year, OPG Mobility plans to introduce two new electric scooters and an electric motorcycle in two variants. Additionally, the three-wheeler division, now known as ‘OTTOPG,’ will venture into the electric passenger vehicle market, with new products expected to be launched this year.
OPG Mobility is also focused on expanding its dealer network across India, aiming to grow from its current base of 350 dealers to about 550 in the two- and three-wheeler segments. The company is also targeting the addition of approximately 600 authorized service partners to support its growing customer base.
Gupta explained that the company is working on creating a strong product distribution and service infrastructure to make the business model attractive to potential investors. He said that the company is looking for private equity investment, either from strategic or non-strategic investors, with a target of raising ₹400 crore within the next 18-24 months.
This year, OPG Mobility aims to sell 45,000 two-wheelers and 15,000 three-wheelers, focusing on urban, semi-urban, and rural markets with different product offerings. With its manufacturing plant in Baddi, Himachal Pradesh, capable of producing 300,000 units annually, the company is poised to meet its growth targets.
OPG Mobility is a dynamic player in the evolving transportation sector, focused on delivering innovative and sustainable mobility solutions. The company specializes in electric vehicle (EV) infrastructure, including charging stations and fleet solutions, aimed at promoting the adoption of clean and efficient transportation. With a vision to revolutionize urban mobility, OPG Mobility leverages cutting-edge technology to offer seamless, reliable, and eco-friendly services. By collaborating with governments, businesses, and communities, the company strives to reduce carbon emissions and enhance the efficiency of public and private transportation networks. OPG Mobility stands committed to driving the transition toward greener mobility and contributing to a more sustainable future.
