Oben Electric Raises Rs 100 Cr In Series A Round

Electric motorcycle manufacturer Oben Electric has raised an additional Rs 50 crore in an extended Series A funding round.

The funding round also saw participation from new and existing investors including Helios Holdings, Sharda family office, Kay family and other new and existing investors.

With this latest round, the company announced that it has raised a total of Rs 100 crore in Series A funding.

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This fresh funding will support its growth plans, including expanding its distribution network to over 150 showrooms in 50+ cities by FY26, and speeding up the development of its new ‘O100’ platform — a product aimed at the sub-Rs 1 lakh segment.

The company also mentioned that part of the funds will be used to scale up its Bengaluru manufacturing facility and enhance its after-sales service network across various markets.

“This extended round is a strong vote of confidence in our long-term vision,” said Madhumita Agrawal, Founder & CEO of Oben Electric. “We’re not only expanding our presence but also pushing innovation forward with the O100 platform, aimed at making electric mobility accessible to the masses. Our vertical integration gives us the control and agility needed to scale efficiently.”

Sandesh from the Sharda Family Office said, “Oben has demonstrated strong product-market fit and rapid revenue growth in a largely untapped market. Their vertical integration of key EV components—battery, motor, and vehicle control units—along with a capable founding team, positions them well to build a global electric motorcycle brand from India.”

About Oben Electric

Founded in 2020 by Madhumita Agrawal, Dinkar Agarwal and Sagar Thakkar, Oben Electric designs, develops and manufactures electric motorcycles and components at its Bengaluru facility. 

The company says it holds over 18 patents for its proprietary EV technology and components.

Looking ahead, Oben Electric aims to raise $30 million in Series B funding later in 2025 to fuel its international expansion and scale up its product lineup — staying true to its mission of building a global electric motorcycle brand “Designed in India for the World.”

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