Bengaluru-based electric motorcycle manufacturer, Oben Electric, has raised ₹50 crore (approximately $6 million) in its Series A funding round. The funding was spearheaded by Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical, along with participation from the Sanjeev Saraf (Polyplex) Family Office, Pravek Kalp Family Office, and existing investors.
The funds will drive the company’s ambitious expansion plans, targeting over 100 showrooms and Oben Care service centers across 50 Indian cities by FY26. Additionally, Oben Electric aims to diversify its product portfolio to cater to a broader audience.
Founded in 2020 by Madhumita Agrawal, Sagar Thakkar, and Dinkar Agrawal, Oben Electric focuses on developing electric motorcycles and key components such as batteries, motors, vehicle control units, and home chargers.
The company’s flagship model, the “Rorr,” is currently available in over 20 stores across cities like Bengaluru, Delhi, Jaipur, and Pune. Oben Electric recently introduced its new model, the Rorr EZ.
Oben’s motorcycles are powered by advanced Lithium Iron Phosphate (LFP) battery technology, known for exceptional durability in extreme weather conditions. They undergo stringent testing across 200 parameters and are compatible with 75,000+ third-party charging stations nationwide.
This latest funding brings Oben Electric’s total equity capital to ₹150 crore ($18 million), following a ₹40 crore pre-Series A round in mid-2023. With a focus on innovation and sustainable transportation, Oben Electric is poised to accelerate the adoption of electric mobility in India.
