EV financing and leasing startup Ohm Mobility has shut down operations, resulting in the layoff of its entire team. The company, which had approximately 20-30 employees, was unable to sustain growth despite five years of effort and multiple business model pivots. Founded in 2020, Ohm Mobility initially focused on connecting EV ecosystem players with financial institutions using IoT data for risk assessment. It later rebranded to Ohm Daily to target gig workers but failed to gain sufficient traction. The shutdown was confirmed in late July 2025, marking another closure in India's competitive startup and fintech sector. The company had raised around Rs 5 crore from investors including Antler India and Blume Ventures.
