Electric motorcycle startup Oben Electric, headquartered in Bengaluru, has secured ₹50 crore in an extended Series A funding round. This takes the total raised in the round to ₹100 crore and the company’s cumulative funding to ₹200 crore.
The latest tranche follows a similar ₹50 crore round in January 2025 and includes participation from both returning and new investors such as Helios Holdings, the Sharda Family Office, and the Kay Family. According to the company, the funds will be channelled into strengthening its retail network, enhancing manufacturing capabilities, and expanding its portfolio to cater to cost-conscious consumers.
“The extended Series A funding is a strong vote of confidence from our investors and comes at a time when our momentum is accelerating nationwide,” said Madhumita Agrawal, Founder and CEO of Oben Electric.
“We’re expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratize electric motorcycles for the mass market.”
Following the initial Series A investment, Oben has rolled out 37 retail outlets across 26 cities in 13 states, including regions such as Telangana, Gujarat, Punjab, and Odisha. With the fresh capital, the company plans to scale operations to over 150 outlets across 50 cities by FY26, while also upgrading its after-sales infrastructure and increasing output at its Bengaluru manufacturing facility.
A key component of Oben’s future roadmap is the development of the ‘O100’ platform, aimed at launching an electric motorcycle priced under ₹1 lakh. Designed for affordability without compromising performance, this offering is expected to resonate with Indian buyers seeking cost-effective mobility solutions. The company’s strategy of vertical integration—developing critical components like batteries, motors, and controllers in-house—is central to maintaining quality and cost control.
“Oben Electric had the right technology, product‑market fit and growth indicators. Their vertical integration of critical EV components like LFP batteries, motors and control units, combined with the founders’ maturity, positions them to build India’s first global electric motorcycle brand,” said Sandesh from the Sharda Family Office.
Oben’s current lineup includes the Rorr and Rorr EZ, targeting urban mobility. The Rorr EZ starts at ₹99,999 for the 2.6 kWh variant with an IDC range of around 110 km. The 3.4 kWh and 4.4 kWh variants are priced at ₹1,19,999 and ₹1,29,999 respectively, offering ranges of 140 km and 175 km. All models feature a top speed of 95 km/h and accelerate from 0 to 40 km/h in 3.3 seconds.
Looking ahead, Oben Electric is preparing for its Series B round, aiming to raise $30 million later in 2025. The company plans to use the proceeds to drive international expansion and diversify its product offerings under its vision—“Designed in India for the World.”
