Oben Electric has now raised a total of Rs 150 crores in equity capital, including Rs 50 crores in its Series A funding round. Ambis Holding US, Kuberan Ventures, the Karimjee Group from Africa, Mission Vertical, a US-based venture capital firm, the Sanjeev Saraf (Polyplex) Family Office, the Pravek Kalp Family Office, and other current investors participated in the investment round.
The money will go into expanding Oben Electric’s product line and distribution system. By FY26, the company intends to open more than 100 showrooms across 50 Indian cities. The money will also be used to expand Oben Care service centers, which will increase the company’s market share in India for electric motorcycles.
With more than 20 showrooms, Oben Electric presently operates in ten cities, including Bengaluru, Delhi, Jaipur, Lucknow, Pune, Kochi, and Thiruvananthapuram. The company runs a manufacturing facility that can produce 100,000 electric motorcycles annually and offers four different models. Oben Electric has become a major player in the electric motorbike market thanks to its main product, the “Rorr” e-wheeler.
The goal of Indian electric motorbike company Oben Electric is to increase its market share in the rapidly rising electric two-wheeler industry. The company was established with the goal of offering sustainable mobility options, and it has created a line of electric bikes aimed toward Indian consumers. It is a competitive choice in the nation’s two-wheeler market thanks to its main product, the “Rorr” e-motorcycle.
With an emphasis on sustainability, performance, and design, Oben Electric provides a selection of electric motorcycles in India.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!