Bengaluru-based EV startup Oben Electric has raised ₹50 crore in an extended Series A funding round. This new funding doubles its total Series A corpus to ₹100 crore and brings the overall capital raised to ₹200 crore to date.. This funding round included new investors, such as Helios Holdings, Sharda Family Office, and Kay Family, alongside existing backers.
Oben Electric plans to channel the latest infusion into:
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📍 Retail expansion — Targeting 150+ showrooms across 50 cities by FY2026
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🏭 Manufacturing scale-up — Upgrading production capacity at its Bengaluru facility
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🛠 Product innovation — Launching mass-market, affordable electric motorcycles
🗨️ Founder Speaks: A Bold Push Towards Mass Electrification
“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 & CEO of Oben Electric. “We’re not only scaling our retail presence but also focusing heavily on innovation through platforms like O100, aimed at democratizing electric motorcycles in India.”
Oben Electric’s O100 platform—a new EV motorcycle line expected to be priced under ₹1 lakh—is built to address India’s cost-sensitive and performance-conscious two-wheeler segment. The startup’s vertical integration model, which includes in-house development of LFP batteries, motors, and controllers, ensures cost-efficiency, better quality control, and quicker time to market.
⚙️ Strategic Advantages
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Vertical Integration: Oben develops critical EV components like LFP batteries, motors, and controllers in-house, enabling cost control and high-quality engineering.
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Strong Market Fit: Backers cite Oben’s robust technology and market alignment as key strengths.
“Oben Electric has the right technology, product-market fit, and growth strategy,” noted Sandesh from Sharda Family Office. “Their vertical integration and founder maturity make them a strong contender for building India’s first global EV motorcycle brand.”
🏍️ Current Lineup: Rorr Series
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Rorr EZ (2.6 kWh) – ₹99,999 (≈110 km range)
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Rorr Mid (3.4 kWh) – ₹1,19,999 (≈140 km range)
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Rorr Max (4.4 kWh) – ₹1,29,999 (≈175 km range)
All variants offer 95 km/h top speed and 0–40 km/h in 3.3 seconds.
The startup has swiftly scaled operations by launching 37 outlets in 26 cities across 13 states, including Gujarat, Punjab, Telangana, and Odisha. With the extended Series A, it aims to surpass 150 showrooms, significantly expanding its after-sales and customer support infrastructure.
🌍 What’s Next?
Oben Electric is gearing up for a $30 million Series B round in late 2025. The goal? Global expansion and an expanded product lineup to make Indian-engineered EVs a global force.
🟢 At Innovent Blog, we spotlight India’s boldest startups. Stay tuned for the latest updates on Oben Electric and other high-growth ventures redefining the future of mobility.