Bengaluru-based electric motorcycle manufacturer Oben Electric has raised ₹85 crore in a Pre-Series B funding round, marking a significant milestone in its growth journey. The latest investment takes the company’s total funding to approximately ₹285 crore, underscoring strong investor confidence in Oben’s business model and long-term vision for India’s electric two-wheeler market.
The fresh capital will be deployed to scale operations, strengthen retail and service infrastructure, and support upcoming product launches across the country.
Aggressive Nationwide Retail Expansion Plans
Oben Electric plans to use the funding to rapidly expand its physical retail and service footprint. Currently present in over 70 cities across 18 states with more than 85 showrooms, the company aims to grow this network to 150 outlets by March 2026.
Over the next two years, Oben is targeting a pan-India presence with nearly 500 showrooms and service centers, enabling deeper penetration into Tier 2 and Tier 3 markets where demand for affordable electric mobility is rising steadily.
Focus on Manufacturing Scale and Cost Efficiency
A key focus area for Oben Electric remains vertical integration and in-house manufacturing. The company designs and develops critical EV components such as battery packs, motors, and vehicle control units internally, supporting its Make-in-India strategy.
With increased scale, Oben aims to achieve COGS (cost of goods sold) break-even by March 2026, a crucial step toward sustainable operations. The company is also targeting EBITDA break-even by 2027, driven by higher volumes and operational efficiencies.
Revenue and Growth Outlook
Oben Electric expects its revenue to reach ₹100 crore in FY26, supported by expanding retail reach, improved supply chains, and growing acceptance of electric motorcycles in the commuter segment. The company continues to position itself as a value-driven EV brand offering performance-focused electric motorcycles for everyday Indian riders.
Strengthening India’s Electric Motorcycle Ecosystem
With this funding round, Oben Electric reinforces its commitment to building a scalable, profitable, and locally manufactured electric mobility ecosystem. The company’s strategy aligns closely with India’s broader push for clean transportation, reduced emissions, and domestic manufacturing leadership in the EV sector.
As competition intensifies in the electric two-wheeler space, Oben’s focus on localization, cost control, and nationwide accessibility is expected to play a critical role in shaping its next phase of growth.
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