News

Oben Electric Secures ₹50 Crore in Series A Funding to Boost Expansion

Oben Electric, a Bengaluru-based electric motorcycle manufacturer, has raised ₹50 crore ($6 million) in a Series A funding round. The funding was led by Ambis Holding US, Kuberan Ventures, Karimjee Group, and several prominent family offices, alongside existing investors. This latest round propels the company’s total equity capital to ₹150 crore ($18 million).

Strengthening Distribution and Product Expansion

The fresh funds are set to fuel Oben Electric’s ambitious growth plans. The company announced plans to expand its distribution network to over 100 showrooms and establish Oben Care service centers across 50 cities by FY26. Additionally, the capital will support the development of new electric motorcycle models.

Oben Electric’s product lineup is designed to capture a significant share of the growing electric mobility market in India. The company aims to provide advanced features and superior performance in its motorcycles, backed by an expanding and reliable distribution ecosystem.

Electric motorcycle showroom launch

A Brief Journey of Innovation

Founded in 2020 by Madhumita Agrawal, Sagar Thakkar, and Dinkar Agrawal, Oben Electric has made a name for itself in the electric vehicle space. The company doesn’t just assemble motorcycles; it designs and manufactures key components, including batteries, motors, vehicle control units, and fast chargers.

  • Flagship Model: The Oben Rorr
    The company’s flagship model, the Rorr, is already available in over 20 stores across cities like Bengaluru, Delhi, Pune, and Kochi.
  • Affordable Variant: Rorr EZ
    Recently, Oben Electric launched the Rorr EZ, an affordable variant starting at ₹89,999, aiming to appeal to a wider audience.

This blend of innovation and accessibility has positioned the company as a key player in India’s electric mobility space.

What Sets Oben Apart

Oben Electric emphasizes high-quality, research-driven products, with its e-motorcycles boasting advanced Lithium Iron Phosphate (LFP) battery technology. These batteries offer enhanced durability and performance, even in extreme weather.

The company claims that its motorcycles undergo rigorous testing across 200 parameters to ensure roadworthiness. Other standout features include:

  • Support from 75,000 third-party charging stations across 1,600 cities in India.
  • Partnerships with 10+ ecosystem players, covering insurance, financing, and roadside assistance.

A Market Ready for Disruption

India’s electric vehicle market has seen a surge in demand, spurred by government incentives, rising fuel costs, and growing environmental awareness. Oben Electric’s vertically integrated approach and focus on a stable domestic supply chain aim to address challenges like regulatory risks and dependence on imports.

The funding also signals investor confidence in Oben’s ability to scale production and compete with established players in the EV space. By FY26, the company aims to solidify its presence as a leading e-mobility solutions provider, not just in India but globally.

Comments

Your email address will not be published. Required fields are marked *