Bengaluru-based electric motorcycle maker Oben Electric has raised ₹85 crore in a pre-Series B funding round backed by Indian-American family offices.
The investors include Raj K Soin, Musa Dakri, and Ramesh Bhutada, along with participation from existing backers.
The fresh capital will be deployed to scale its distribution network, boost brand visibility, and support new product development and launches. With this round, Oben Electric’s total funding stands at ₹285 crore.
Earlier in 2025, the company raised ₹100 crore through its Series A and extended Series A rounds.
Oben Electric, founded in 2020 by Madhumita Agrawal, Sagar Thakkar, and Dinkar Agrawal, follows a vertically integrated model, focusing on in-house R&D to develop electric motorcycles and essential components like batteries, motors, vehicle control units, and fast chargers.
The company operates a 3.5-acre integrated manufacturing facility in Bengaluru and currently has over 85 showrooms across 70+ cities in 18+ states. In 2025, it also expanded sales through digital platforms such as Amazon and Flipkart to widen customer reach.
Oben Electric reported 10X revenue growth over the past 12 months and is targeting ₹100 crore in revenue in FY26, with COGS break-even by March 2026 and EBITDA break-even by 2027. It plans to scale to 150 showrooms by March 2026 and 500 outlets over the next two years.
Earlier this year, the startup launched the Rorr EZ Sigma, a city-focused electric motorcycle featuring reverse mode, improved ergonomics, and a connected colour TFT display, which has seen strong customer response.
