Bengaluru-based electric motorcycle maker Oben Electric has successfully closed its Series A round at ₹100 crore (~$12 million), following a fresh infusion of ₹50 crore (~$6 million) in May 2025.
This takes the company’s total funding to ₹200 crore (~$24 million) to date. The extended round saw participation from Helios Holdings, Sharda family office, the Kay family, and existing investors.
The capital will be deployed to expand Oben’s retail footprint to over 150 showrooms across 50 cities by FY26, scale production at its Bengaluru manufacturing facility, and accelerate product innovation under its ‘O100’ platform—a new line of electric motorcycles priced under ₹1 lakh, aimed at mass affordability.
Co-founded in 2020 by Madhumita Agrawal, Sagar Thakkar, and Dinkar Agrawal, Oben Electric is a fully integrated EV company that designs and manufactures motorcycles along with core components such as LFP batteries, motors, vehicle control units, and home fast chargers.
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Oben currently operates 37 retail outlets across 26 cities in 13 states and manufactures at its Jigani plant in Bengaluru, which has an annual capacity of 100,000 units.
Backed by a network of over 150 supply partners, the company has built a vertically integrated model, claiming 25+ patents and a strong in-house R&D setup.
