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Oben Electric, the Bengaluru-based electric motorcycle manufacturer, has raised Rs 50 crore in an extended Series A funding round, doubling its total Series A haul to Rs 100 crore. With this infusion, the startup’s overall capital raised stands at Rs 200 crore.
The latest round, which follows a similar Rs 50 crore raise in January 2025, saw participation from existing investors as well as new backers including Helios Holdings, the Sharda Family Office, and the Kay Family. The fresh capital, the startup said, will be deployed to scale its retail footprint, accelerate manufacturing, and broaden its product portfolio to target mass-market affordability.
“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.”
Since the initial Series A raise, Oben has moved quickly to expand its reach, launching 37 retail outlets across 26 cities in 13 states—including Punjab, Gujarat, Telangana, and Odisha. The new funding will support a further scale-up to over 150 showrooms across 50 cities by fiscal year 2026, the startup said, while also enhancing after-sales infrastructure and expanding production capacity at its Bengaluru facility.
A key highlight of Oben’s upcoming roadmap is the development of the ‘O100’ platform—an electric motorcycle line priced below Rs 1 lakh, designed to appeal to price-sensitive Indian consumers seeking performance and durability. The startup emphasized that its vertical integration strategy—covering in-house development of batteries, motors, and control units—has enabled tighter control over costs and quality.
Sandesh from Sharda family office, said, “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.”
Oben’s current lineup includes the Rorr and its entry-level variant Rorr EZ, both targeted at urban commuters. The Rorr EZ starts at Rs 99,999 for the 2.6 kWh base variant (IDC range ≈ 110 km) and goes up to Rs 1,29,999 for the 4.4 kWh top variant (IDC range ≈ 175 km); a mid-spec 3.4 kWh version priced at Rs 1,19,999 offers ~140 km. All three variants share a 95 km/h top speed and 0-40 km/h in 3.3 seconds.
The startup is now preparing for its Series B funding round, targeting $30 million later in 2025. Proceeds from that round are expected to fuel international expansion and extend the product pipeline as Oben Electric seeks to become a global player in two-wheeler electric mobility—“Designed in India for the World.”
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