Ohm Mobility Shuts Down: Co-founder Nair Says ‘We Failed at Few Business Models’
In a shocking turn of events, Ohm Mobility (Ohm Daily), an electric vehicle (EV) financing platform, has announced its shutdown. The news was shared by co-founder Nikhil Nair on social media, who also reflected on the journey of the startup, stating that they “didn’t crack the model that could scale” but gained valuable insights from their experiences.
Ohm Daily was a promising startup in the EV space, backed by Antler, a global startup platform, and Kunal Shah, the founder of Cred, a digital lending platform. The startup aimed to provide innovative financing solutions for EV buyers, making it easier for people to adopt electric vehicles. Despite the promising concept, Ohm Daily’s journey ultimately came to an end, leaving many to wonder what went wrong.
In a post on social media, Nair acknowledged the shutdown, stating that while the team “lost the match,” they “love the game.” He added that they failed at a few business models, but the experience allowed them to gain a deep understanding of what works and what doesn’t.
“We got a front-row seat to what works, what doesn’t and why,” Nair said. “While we didn’t crack the model that could scale…we got a chance to build, experiment, and learn.”
The shutdown of Ohm Daily serves as a reminder that even promising startups can fail, and that failure is an inevitable part of the entrepreneurial journey. However, it also highlights the importance of learning from failures and using them as opportunities for growth.
The EV sector has been gaining traction in recent years, with many startups and established players investing heavily in the space. Ohm Daily’s shutdown may seem like a setback, but it also underscores the need for innovative and sustainable business models that can scale.
The startup’s co-founder, Nikhil Nair, has been vocal about the importance of learning from failures and using them as opportunities for growth. In a statement, he said, “We didn’t win the battle, but we won the war. We got to build something, learn from it, and move on.”
The shutdown of Ohm Daily is also a testament to the harsh realities of the startup ecosystem. With the rise of venture capital-backed startups, there is increasing pressure to scale quickly and achieve significant growth. However, not all startups can achieve this, and it’s essential to acknowledge that failure is a natural part of the process.
Ohm Daily’s shutdown may seem like a disappointment, but it’s also an opportunity for the founders and team members to reflect on their experiences and learn from them. As Nair himself said, “We got a chance to build, experiment, and learn.”
In conclusion, the shutdown of Ohm Mobility (Ohm Daily) serves as a reminder that failure is an inevitable part of the entrepreneurial journey. While the startup may not have achieved the success it had hoped for, its founders and team members can use the experience as an opportunity to learn and grow.
As the EV sector continues to evolve, it’s essential to acknowledge the importance of innovative and sustainable business models that can scale. Ohm Daily’s shutdown may seem like a setback, but it also highlights the need for entrepreneurs and startups to be resilient and adaptable in the face of failure.
Sources:
https://yourstory.com/2025/07/antler-kunal-shah-backed-ev-financing-startup-ohm-daily-shuts-down
