Domestic electric mobility firm Omega Seiki Mobility (OSM) plans to manufacture green hydrogen-powered small commercial vehicles, including three-wheelers, in the country and has partnered with a French company.

The joint entity Hydrogen Intelligence SA will be based in France, with a subsidiary in India.

OSM Founder Uday Narang said that the entity is looking to raise USD 25 million from the US and European markets to expand its business.

Hydrogen Intelligence SA will be showcasing a hydrogen-powered three-wheeler at the ninth edition of the three-day hydrogen show, Hyvolution, which commenced in Paris, Hydrogen Intelligence co-founder and OSM founder Uday Narang said.

"We have set up a joint entity with a French partner to produce green hydrogen-powered vehicles for the Small Commercial Vehicle (SCV) segment, including three-wheelers and 1-tonne capacity trucks in the country. We have already developed a three-wheeler with this technology, which we are going to showcase at the Hyvolution show in Paris," Narang said.