Oben Electric, homegrown electric motorcycle manufacturer, has announced the completion of its Series A funding round with a total raise of ₹100 crore. In January 2025, it secured ₹50 crore, followed by additional ₹50 crore in May 2025, taking the total Series A funding to ₹100 crore and overall funding to ₹200 crore.
The round saw participation from both new and existing investors, including Helios Holdings, the Sharda family office, the Kay family, and others.
The company stated that the new funds would be used to scale manufacturing capacity, expand its presence to over 150 showrooms across more than 50 cities by FY26, and support development of a new product platform named ‘O100’ targeting motorcycles under ₹1 lakh.
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 democratize 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.”
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.
Oben Electric designs and manufactures both electric motorcycles and their critical components, including Lithium Iron Phosphate (LFP) batteries, motors, vehicle control units, and home fast chargers.
The Bengaluru-headquartered firm’s current lineup includes the Oben Rorr and Rorr EZ. It is also planning a $30 million Series B funding round later in 2025 to support international expansion and further product development.
