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Oben Electric Closes INR 100 Crore Series A Round to Accelerate Growth and Launch Affordable EV Platform
- Oben Electric, a Bengaluru-based electric motorcycle manufacturer, concluded its Series A funding with an additional ₹50 crore raised in May 2025, bringing the total funding to ₹100 crore.
- Existing investors and new backers, including Helios Holdings, the Sharda Family Office, and the Kay Family, participated in the latest funding round, showcasing confidence in Oben Electric's products and growth.
- The company expanded rapidly post-initial Series A funding, establishing 37 retail outlets across 26 cities in 13 states and plans to further expand to over 150 showrooms in 50+ cities by FY26.
- The fresh capital will support growth initiatives in scaling production, enhancing after-sales service, and developing the affordable 'O100' electric motorcycle platform targeted under ₹1 lakh.
- Madhumita Agrawal, the Founder & CEO of Oben Electric, expressed optimism about the extended funding round, emphasizing the company's vision of making electric mobility accessible to the masses through innovation.
- Sandesh from the Sharda Family Office praised Oben Electric for its strong market fit, rapid revenue growth, and vertical integration strategy, positioning the company well to establish a global electric motorcycle brand.
- Oben Electric's current product lineup includes the flagship Rorr and the entry-level Rorr EZ, priced starting at ₹99,999, offering impressive acceleration, top speed, and range powered by reliable LFP battery packs.
- The company plans to raise $30 million in a Series B round in 2025 to support international expansion and achieve its long-term goal of becoming a global electric motorcycle brand originating from India.
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