Oben Electric, a leading electric motorcycle manufacturer based in Bengaluru, has successfully raised ₹100 crore in its Series A funding round. This funding will help the company accelerate its nationwide expansion and enhance its manufacturing and retail presence. The funding round saw participation from key investors, including Helios Holdings, the Sharda family office, and the Kay family.
Strategic Use of Funds to Drive Growth
With this capital infusion, Oben Electric plans to scale up its retail presence by opening over 150 showrooms across more than 50 cities in India by FY26. The funds will also be directed towards increasing the production capacity at its Bengaluru manufacturing facility to meet the growing demand for electric motorcycles. Moreover, the company will accelerate the development of its affordable EV platform, including the O100 platform, which targets electric motorcycles priced under ₹1 lakh, making them more accessible to a wider audience.
Oben Electric: Pioneering the EV Revolution in India
Founded in 2020 by Madhumita Agrawal, Sagar Thakkar, and Dinkar Agrawal, Oben Electric specializes in manufacturing electric motorcycles and core components such as LFP batteries, motors, and vehicle control units. Their flagship electric motorcycle models, Oben Rorr and Oben Rorr EZ, are powered by advanced Lithium Iron Phosphate (LFP) battery technology, known for its enhanced safety, longevity, and performance.
Commitment to Sustainable and Affordable Transportation
Oben Electric’s focus on creating sustainable and affordable electric mobility solutions positions the company as a strong competitor in India’s growing electric vehicle market. The successful completion of this ₹100 crore Series A funding is expected to further boost the company’s R&D operations and expand its footprint across the country.
As demand for eco-friendly transportation grows, Oben Electric remains committed to providing innovative electric motorcycles that offer top-tier performance and contribute to reducing carbon emissions in India’s automotive sector.
Future Plans: International Expansion
With the new funding, Oben Electric is set to strengthen its position as a leader in the Indian electric motorcycle market while planning for potential international expansion. The company’s growth trajectory is supported by a strong investor network and its ability to deliver high-quality EVs that appeal to both urban commuters and motorcycle enthusiasts.
As Oben Electric continues to scale its operations, the company’s future looks promising, with its sights set on becoming a significant player in the global electric mobility market.
