Oben Electric Closes INR 100 Crore Series A Round to Boost Retail and Product Growth in FY26

StartupTalky News

18 Jun 2025 — 4 min read

Oben Electric closes Series A round of INR 100 Cr, with additional INR 50 Cr raised in extended Series A

Extended Series A saw participation from Helios Holdings, Sharda family office, Kay family, and other existing investors
Funding to accelerate expansion to 150+ showrooms across 50+ cities in FY26, deepen product development via the new ‘O100’ platform, and scale production infrastructure within the existing facility

Oben Electric, an R&D driven homegrown electric motorcycle manufacturer, has raised additional INR 50 Crore in May 2025 through an extended Series A funding round. The extended series A round follows series A round of INR 50 Crore raise in January 2025, bringing the total Series A funding to INR 100 Crore and overall funding raised to INR 200 Crore. The round saw participation from new and existing investors, including Helios Holdings, Sharda family office, Kay family and other new & existing investors. This fund raise signals strong investor conviction in Oben Electric’s consistent growth, product quality, financial metrics and electric motorcycle segment leadership.

Mr. Sandesh from Sharda family office commented: “Oben Electric had the right technology, product market fit and growth indicators. They are operating in an untapped large market opportunity with multi-fold revenue growth QoQ. The feedback of the electric motorcycle was great, and their vertical integration of critical EV components, including LFP battery, motor and vehicle control unit, is a key differentiator. We were also impressed by the maturity of the founders, which is required to build such a large & complex business and believe that they would be successful in building the first global electric motorcycle brand from India.”

This latest infusion of funds will power Oben Electric’s continuing growth and accelerate its expansion to over 150 showrooms across 50+ cities by FY26, fast-tracking product development of the company’s new ‘O100’ platform for affordable electric motorcycles under INR 1 lakh, and scaling up its manufacturing within Bangalore facility and strengthening its after-sales service network across markets.

Following the initial Series A raise, Oben Electric rapidly scaled with 37 retail outlets across 26 cities in 13 states, entering key markets like Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha, underscoring strong post-funding execution and demand.

Madhumita Agrawal, Founder & CEO of Oben Electric, said, “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. We’re expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratise electric motorcycles for the mass market. Backed by full vertical integration and a resilient supply chain, this funding prepares us for a new phase of scale, impact, and growth opportunities.”

Oben Electric stands apart as an R&D-led, vertically integrated company, designing and manufacturing not just electric motorcycles but also all critical components, including batteries, motors, vehicle control units, and home fast chargers. Backed by a 500+ member expert team, Oben operates a fully compliant, 100,000-units-per-year manufacturing facility in Jigani, Bengaluru, supported by a strong domestic supply chain of 150+ vendors. Its e-motorcycles undergo testing across 200+ performance parameters and are supported by 68,000+ public charging stations and 10+ ecosystem partners for insurance, financing, and roadside assistance.

Oben Electric has emerged as a preferred choice for daily commuters with its Rorr electric motorcycle lineup. The Oben Rorr EZ, starting at INR 99,999, is tailored for city commuters with rapid acceleration (0–40 km/h in just 3.3 seconds), a top speed of 95 km/h, and a range of up to 175 km (IDC) across three battery variants. Alongside, the company continues to offer its flagship Oben Rorr, known for delivering high-performance electric mobility. Both motorcycles are powered by high-performance LFP (Lithium Iron Phosphate) battery technology, a first in India’s electric two-wheeler segment, ensuring superior durability, safety, and consistent performance across extreme weather conditions.

Looking ahead, Oben Electric plans to raise $30 million in Series B in 2025 to support international expansion and further scale-up of production and product lines, building on its vision of “Designed in India for the World.”

About Oben Electric

Oben Electric is an R&D-driven electric motorcycle organisation founded in August 2020 and headquartered in Bengaluru. Oben Electric specializes in designing, developing, and manufacturing performance electric motorcycles and its critical EV components in-house, here in India. With a team of passionate technologists with over 25 years of collective hands-on experience in the electric vehicle R&D, Oben Electric focuses on “Design in India for the World.”

The company has been at the forefront of transforming the electric two-wheeler landscape in India by introducing several groundbreaking initiatives. Oben Electric pioneers the use of advanced battery chemistry, such as LFP, in electric two-wheelers, offering enhanced safety, longer range, and cleaner operation compared to other widely used battery chemistries. Additionally, the company holds more than 25 patents for its proprietary technology and EV components.

As an early entrant in the electric motorcycle market, Oben Electric is leading the adoption of electric motorcycles in India, which happens to be the world’s largest motorcycle market. With limited competition at present, the company aims to become the largest electric motorcycle OEM globally. Their vision is to revolutionise the industry by providing cutting-edge electric mobility solutions that cater to the diverse needs of riders.