CosmicTaco

EV Financing Trailblazer Ohm Mobility Shuts Down

CosmicTaco · 2025-07-25T12:45:38.407588+05:30

- It's an end of the road for EV startup Ohm Mobility as operations cease despite numerous strategic pivots. - Nikhil Nair, cofounder and CEO, reflects on the failure to scale the business but highlights invaluable learning experiences. - The startup aimed to bridge EV companies with financial institutions, raising INR 5 Cr from reputable investors. - Ohm Mobility rebranded as Ohm Daily, focusing on financial products for gig workers before winding down. - This closure adds to a series of recent tech startup shutdowns, highlighting challenges in scaling and market response. Source: [Inc42](https://inc42.com/buzz/now-ev-startup-ohm-mobility-shuts-operations/)

It's an end of the road for EV startup Ohm Mobility as operations cease despite numerous strategic pivots.
Nikhil Nair, cofounder and CEO, reflects on the failure to scale the business but highlights invaluable learning experiences.
The startup aimed to bridge EV companies with financial institutions, raising INR 5 Cr from reputable investors.
Ohm Mobility rebranded as Ohm Daily, focusing on financial products for gig workers before winding down.
This closure adds to a series of recent tech startup shutdowns, highlighting challenges in scaling and market response.

Source: Inc42