Homegrown electric motorcycle manufacturer Oben Electric has secured an additional ₹50 crore in an extended Series A funding round, bringing its total Series A capital to ₹100 crore and overall funding to ₹200 crore. The latest round, concluded in May 2025, saw participation from both new and existing investors, including Helios Holdings, the Sharda family office, and the Kay family.
⚡ Funding to Power Expansion and Innovation
The fresh capital will be deployed to:
- Expand Oben’s retail footprint to 150+ showrooms across 50+ cities by FY26
- Accelerate development of the O100 platform, a new line of affordable electric motorcycles under ₹1 lakh
- Scale up manufacturing at its Bengaluru facility
- Strengthen after-sales service infrastructure nationwide
🏍️ Riding High on Market Momentum
Following its initial Series A raise in January 2025, Oben Electric rapidly expanded to 37 outlets across 26 cities in 13 states, including key markets like Punjab, Gujarat, Telangana, and Odisha. The company’s flagship models—Oben Rorr and Rorr EZ—have gained popularity among urban commuters for their performance, affordability, and LFP battery technology.
🗣️ Leadership Speaks
Madhumita Agrawal, Founder & CEO of Oben Electric, said:
“This extended round is a strong vote of confidence in our long-term vision. 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.”
🌍 Looking Ahead: Global Ambitions
Oben Electric is preparing for a $30 million Series B round later in 2025 to support international expansion and further scale its product portfolio and production capacity.
Stay tuned for updates on Oben’s Series B and global rollout.
