OSM Is Planning to Launch India’s First Hydrogen Based Rickshaw
In a major development, Omega Saiki Mobility has announced its plans to launch India’s first-ever hydrogen-based L-5 category rickshaw model in the next six months. This eco-friendly vehicle is set to revolutionize the L-5 category rickshaw market with its impressive features such as a 1-ton load capacity and the ability to run for 350-400 km on a single charge, even in challenging terrains.
With a competitive pricing strategy and ongoing testing in Europe, Jaisalmer deserts, and Leh, this product could be a game-changer for the mass audience. By addressing the issue of charging and promoting green technology, it is sure to bring more clarity to consumers about sustainable mobility options. While full specifications are yet to be revealed, the anticipation for this innovative product is already high.
Hydrogen as a fuel
It’s a known fact that hydrogen-based vehicles are sustainable since they don’t require fossil fuels for their operations. The process of producing hydrogen involves the use of renewable energy sources like solar or wind power, which generate electricity used to split water into hydrogen and oxygen through electrolysis.
This method is considered environmentally friendly and renewable as opposed to hydrogen production from fossil fuels, which generates greenhouse gases during the process. With this in mind, Omega Saiki Mobility is set to release India’s first Hydrogen-Based L-5 Category Rickshaw model in the next six months, and it has the potential to revolutionize the rickshaw market. The rickshaw is capable of running up to 400 km on a single charge, even on challenging terrains, and it can carry a load of up to 1 ton.
Its pricing is competitive with other OSM products. While full specifications of the vehicle have yet to be released, testing is already underway in Europe, Jaisalmer deserts, and Leh. The rickshaw is expected to cater to the mass audience and promote green technology by removing charging issues. This move aligns with the National Greenhouse Mission’s efforts to make India a hub for green hydrogen manufacturing, and the country’s commitment to sustainable transportation options.
Indian Government’s plans towards Hydrogen-powered Vehicles
India’s government has recently approved a green hydrogen mission with an initial investment of INR 19,000 crore ($2.5 billion) towards the development of green hydrogen technology. This move towards renewable energy is expected to play a key role in the expansion of clean energy sources across the country. The government’s new policy will also allow manufacturers to collect hydrogen and ammonia from renewable resources, without having to pay any transmission costs for up to 25 years. Moreover, the government has set an ambitious target of producing 5 million tons of green hydrogen by 2030. This investment shows the Indian government’s commitment towards promoting sustainable energy and reducing the country’s carbon footprint.
A few words from Mr. Uday Narang, Founder of OSM Mobility
Unlike many other electric mobility startups that rely on importing components from China to take advantage of subsidies, OSM founder Ankur Narang is focused on building capacity in India and manufacturing products locally. He has tied up with Korean EV manufacturer Jae Sung Tech and has established manufacturing facilities in Thailand. Narang is heavily betting on one-ton and three-ton electric four-wheelers, with the big bet being on a three-ton capacity medium-commercial vehicle called the ‘M1KA’.
He believes that commercial vehicles will lead the charge towards zero-emission vehicles due to the intense air pollution in cities like Delhi. While Narang may need to raise money sooner or later, he has been investing in other startups in the electric space to ensure that OSM remains competitive. “Look at e-commerce companies serving Delhi-NCR, their main warehouses are located in places like Manesar and Sonipat, these electric trucks can bring goods from the main hubs to distribution points in places like Okhla, from where the electric three-wheelers can travel the last mile,” he said. That vehicle is being indigenized for India, and he is already exporting them from his Korean and Thai facilities to other nations.
Narang believes that he will. While he agrees that he might need to raise money sooner or later, he has been investing in other start-ups in the electric space. For instance, companies like Log9 Materials, a Bengaluru-based nanotechnology startup that is developing systems that enable rapid charging for batteries. “Investing in such technologies will help OSM in the long run because I don’t want to become some also-ran.”
In conclusion, Omega Seiki Mobility’s plan to launch India’s first hydrogen-based rickshaw is a significant step towards a greener future for the country’s mobility industry. With a focus on indigenous manufacturing and partnerships with other companies in the electric mobility space, OSM is showing a commitment to building capacity in India and reducing the country’s dependence on imports, particularly from China. As the Indian government invests heavily in green hydrogen technology and sets ambitious targets for the production of renewable resources, OSM’s efforts to introduce sustainable transportation options are likely to gain more traction and contribute to a cleaner and healthier environment for all.