Through an expanded Series A funding round, Oben Electric, a local electric motorcycle manufacturer focused on research and development, raised an extra 50 Cr in May 2025. Following the Series A round, which raised ₹50 Cr in January 2025, the extended Series A round raises ₹100 Cr, bringing the total capital raised to ₹200 Cr. Both new and current investors participated in the round, including Helios Holdings, the Kay family, the Sharda family office, and others. This fundraising shows that investors strongly believe in Oben Electric’s steady growth, high-quality products, sound financial records, and leadership in the electric motorcycle market.
“Oben Electric had the right technology, product market fit, and growth indicators,” said Mr Sandesh from the Sharda family office. “Their vertical integration of essential EV components, such as the LFP battery, motor, and vehicle control unit, is a significant difference, and they are operating in an unexplored big market opportunity with multi-fold revenue growth QoQ.” “We also thought the founders would succeed in creating the first international electric motorcycle brand from India because of their maturity, which is necessary to develop such a big and complicated company.”
- Extended Series A saw participation from Helios Holdings, the Sharda family office, the 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 existing facilities.
With the help of this most recent investment, Oben Electric will be able to expand to more than 150 showrooms in more than 50 cities by FY26, expedite the development of its new “O100” platform for reasonably priced electric motorcycles under ₹1 lakh, scale up production at its Bangalore facility, and improve its after-sales service network in other markets.
With 37 retail locations spread across 26 cities in 13 states after the first Series A fundraising, Oben Electric quickly expanded into important markets including Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha, demonstrating strong demand and post-funding performance.
“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,” stated Madhumita Agrawal, Oben Electric’s founder and CEO. “With platforms like O100, we’re broadening not only our retail presence but also our innovation pipeline with the goal of making electric motorcycles more accessible to the general public. This capital sets us up for a new stage of scale, impact, and growth prospects, supported by complete vertical integration and a robust supply chain.”
As a vertically integrated, R&D-led business, Oben Electric is unique in that it designs and manufactures not just electric motorcycles but also all of their essential parts, such as motors, batteries, vehicle control units, and home fast chargers. Supported by a robust domestic supply chain of more than 150 vendors, Oben runs a completely compliant, 100,000-units-per-year production facility in Jigani, Bengaluru, with the help of a skilled workforce consisting of more than 500 members. Its e-motorcycles are tested on more than 200 performance metrics, and they are backed by more than 68,000 public charging stations as well as more than ten ecosystem partners for finance, insurance, and roadside service.
Oben Electric’s Rorr range of electric motorcycles has made it a popular option for everyday commuters. With a top speed of 95 km/h, a range of up to 175 km (IDC) across three battery options, and quick acceleration (0–40 km/h in only 3.3 seconds), the Oben Rorr EZ, which starts at ₹99,999, is designed for city commuters. In addition, the business still sells its flagship Oben Rorr, which is renowned for providing high-performance electric mobility. As the first in India’s electric two-wheeler market, both motorcycles are powered by high-performance LFP (Lithium Iron Phosphate) battery technology, which guarantees exceptional longevity, safety, and reliable performance in a variety of harsh weather situations.
Looking ahead, Oben Electric plans to raise USD 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.”