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Bengaluru-based electric motorcycle maker Oben Electric raises Rs 50 crore
- Bengaluru-based electric motorcycle manufacturer Oben Electric raised Rs 50 crore in an extended Series A funding round, totaling Rs 100 crore in Series A and Rs 200 crore overall capital raised.
- Existing and new investors like Helios Holdings, Sharda Family Office, and the Kay Family participated in the funding round to aid in expanding retail presence, manufacturing acceleration, and product portfolio diversification.
- The startup plans to grow its retail outlets from 37 to over 150 across 50 cities by fiscal year 2026, focusing on after-sales infrastructure and production capacity enhancements.
- Oben Electric aims to launch the 'O100' platform, offering electric motorcycles priced below Rs 1 lakh, emphasizing performance and durability for cost-conscious Indian consumers.
- The company's vertical integration strategy involves in-house development of batteries, motors, and control units to ensure cost control and product quality.
- The startup's current lineup includes the Rorr and Rorr EZ models, tailored for urban commuting, with prices ranging from Rs 99,999 to Rs 1,29,999 and featuring top speeds of 95 km/h and accelerating 0-40 km/h in 3.3 seconds.
- Oben Electric is gearing up for a Series B funding round targeting $30 million later in 2025 to support international expansion and further product development, aspiring to be a global player in two-wheeler electric mobility.
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