Now, EV Startup Ohm Mobility Shuts Operations

Ohm Mobility Shuts Down: EV Startup Ends Operations After Failed Pivot

Ohm Mobility, a firm that provides EV financing and leasing, is now closing its doors, joining a growing list of startup closures. Despite many turning points along the way, the five-year-old startup was unable to scale, according to cofounder and CEO Nikhil Nair.Why Ohm Mobility Shut Down: Inside the Struggles of a Promising EV FintechIn a LinkedIn post, Nair stated that although the company was unable to develop a sustainable and scalable stra…

EV financing startup Ohm Mobility shuts down operations amid market challenges | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

EV financing and leasing startup Ohm Mobility has announced that it is shutting down operations after five years of attempting to establish a scalable business model. The closure was confirmed by co-founder and CEO Nikhil Nair in a LinkedIn post, where he noted that although the company explored multiple business models, it struggled to maintain sustainable growth. Launched in 2020 by Nikhil Nair, Ohm Mobility set out to bridge the gap between E…

Now, EV Startup Ohm Mobility Shuts Operations

Adding on to the string of startup shutdowns, EV financing and leasing startup Ohm Mobility is now winding down its operations. The five-year old startup failed to scale the business despite numerous pivots in its journey, its cofounder and CEO Nikhil Nair said. “While we didn’t crack the model that could scale and sustain, we got a front-row seat to what works, what doesn’t, and why. We failed at a few business models, but now understand their …