EV two‑wheeler maker Oben Electric has raised an additional ₹ 50 crore in May 2025 through an extended Series A funding round, taking its total Series A capital to ₹ 100 crore and overall funding to ₹ 200 crore.
The latest round saw participation from both new and existing investors, including Helios Holdings, the Sharda family office, the Kay family and others. It follows Oben’s initial ₹ 50 crore Series A raise in January 2025 and arrives amid the company’s rapid nationwide expansion and product diversification.
Sandesh from the Sharda family office praised the company’s differentiated approach, stating, “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.”
Fund Utilisation
The funds will fuel Oben Electric’s aggressive growth plans, expanding to over 150 showrooms across 50 cities by FY26, scaling manufacturing at its Bengaluru plant and fast‑tracking development of its upcoming O100 platform, targeting affordable electric motorcycles priced under ₹ 1 lakh.
Since its initial Series A raise, Oben Electric has swiftly expanded its retail network to 37 outlets across 26 cities in 13 states, entering major markets such as Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh and Odisha, a testament to robust post‑funding execution.
Madhumita Agrawal, founder and chief executive officer of Oben Electric, said, “The extended Series A funding is a strong vote of confidence from our investors. It comes at a time when our momentum is accelerating nationwide. We’re not just expanding our retail footprint but also building platforms like O100 to democratise electric motorcycles for the mass market. This capital prepares us for a new phase of scale, innovation and market leadership.”
An R&D‑led, vertically integrated company, Oben Electric designs and manufactures its motorcycles along with critical components such as LFP batteries, motors, vehicle control units and home‑fast chargers. Its 100,000‑unit‑per‑year Bengaluru plant is backed by a domestic supply chain of 150 vendors and a 500‑member expert team.
The company’s popular Oben Rorr EZ, priced at ₹ 99,999, offers city‑friendly 0–40 km/h acceleration in 3.3 seconds, a 95 km/h top speed and a range of up to 175 km (IDC), alongside the flagship Oben Rorr model. Both are powered by high‑performance Lithium Iron Phosphate (LFP) batteries, a first in India’s electric two‑wheeler segment, known for superior safety and consistent performance in extreme climates.
Looking ahead, Oben Electric plans to raise $ 30 million in a Series B round later in 2025, aimed at international expansion, increased production capacity and an expanded product portfolio as it pursues its mission of building a “Designed in India for the World” electric motorcycle brand.
