Bengaluru, 19th June 2025: Oben Electric, a Bengaluru-based R&D-led electric motorcycle manufacturer, has successfully closed its Series A funding at ₹100 Cr, with an additional ₹50 Cr raised in an extended round in May 2025. This extension follows the initial ₹50 Cr raised in January 2025, taking the company’s total funding to ₹200 Cr. The latest capital infusion reflects continued investor confidence in the company’s vision and performance.
The extended round saw participation from both new and existing investors, including Helios Holdings, the Sharda family office, the Kay family, and others. This funding will fuel Oben Electric’s ambitious expansion plans—targeting over 150 showrooms across 50+ cities by FY26—and fast-track development of its new ‘O100’ platform for sub-₹1 lakh electric motorcycles. The funds will also strengthen production capacity within its Bengaluru-based facility and enhance its nationwide after-sales service network.
Investor Perspective
Speaking on the investment, Mr. Sandesh from the Sharda family office remarked, “Oben Electric demonstrates the right mix of technology, product-market fit, and growth. Their vertically integrated approach—especially in developing critical EV components such as LFP batteries and vehicle control units—sets them apart. With strong leadership and a clear roadmap, Oben is well on its way to becoming the first global electric motorcycle brand from India.”
Post-Series A Execution and Growth
Since its initial Series A raise, Oben Electric has rapidly scaled operations, establishing 37 retail outlets across 26 cities in 13 states, including key markets like Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha. This momentum highlights both strong demand and efficient post-funding execution.
CEO’s Vision for the Future
Madhumita Agrawal, Founder & CEO of Oben Electric, stated, “This extended Series A funding is a strong validation of our growth trajectory and strategic direction. With the upcoming O100 platform, we’re not just expanding our reach but also making premium electric mobility more accessible to the masses. With a vertically integrated supply chain and robust R&D, we are now poised for the next phase of scale and innovation.”
Company Overview and Differentiation
Founded in August 2020, Oben Electric stands out for its in-house R&D capabilities and full-stack manufacturing approach. The company designs and produces not only electric motorcycles but also key components like LFP batteries, motors, vehicle control units, and home fast chargers. Its state-of-the-art manufacturing facility in Jigani, Bengaluru, has a capacity of 100,000 units annually and is supported by over 150 domestic vendors.
Oben’s motorcycles, including the flagship Oben Rorr and the city-focused Oben Rorr EZ (starting at ₹99,999), offer market-leading performance with rapid acceleration, top speeds up to 95 km/h, and a range of up to 175 km (IDC). Both models are powered by advanced Lithium Iron Phosphate (LFP) batteries, offering unmatched safety and thermal stability in Indian conditions.
Looking Ahead: Series B and Global Expansion
To support international market entry and further production scale-up, Oben Electric plans to raise USD 30 million in a Series B round in 2025. The company aims to deliver on its global vision—“Designed in India for the World.”
About Oben Electric
Oben Electric is a performance-focused electric motorcycle brand driven by deep R&D, founded in 2020 in Bengaluru. The company leads innovation in India’s two-wheeler EV sector, with more than 25 patents and a team of seasoned technologists. Oben is committed to building world-class electric motorcycles and pioneering the future of clean, efficient urban mobility.
For more information, visit: www.obenelectric.com
