Bengaluru-based electric motorcycle manufacturer Oben Electric has successfully closed an extended Series A funding round, raising an additional ₹50 crore in May 2025. This follows an earlier ₹50 crore raised in January, bringing the total Series A funding to ₹100 crore and the company&rsquo;s overall capital raised to ₹200 crore to date.
The latest round saw participation from both existing investors and new backers, including Helios Holdings, the Sharda Family Office, and the Kay Family. The funding underscores growing investor confidence in Oben Electric&rsquo;s strong product portfolio, market traction, and financial performance.
Since its initial Series A raise, Oben Electric has rapidly expanded its footprint&mdash;launching 37 retail outlets across 26 cities in 13 states, including Punjab, Gujarat, Telangana, and Odisha. The newly secured capital will support the company&rsquo;s next phase of growth, which includes plans to expand to 150+ showrooms across 50+ cities by FY26, ramp up production at its Bengaluru facility, strengthen after-sales support, and fast-track development of its upcoming O100 electric motorcycle platform&mdash;an affordable offering priced under ₹1 lakh.
&ldquo;This extended round is a strong vote of confidence in our long-term vision,&rdquo; said Madhumita Agrawal, Founder &amp; CEO of Oben Electric. &ldquo;We&rsquo;re not only expanding our presence but also pushing innovation forward with the O100 platform, aimed at making electric mobility accessible to the masses.&rdquo;
Oben Electric emphasizes vertical integration in its operations&mdash;designing and manufacturing key EV components such as batteries, motors, and vehicle control units in-house. This approach provides the company with greater control, efficiency, and scalability.
Sandesh, from the Sharda Family Office, commented:
&ldquo;Oben has demonstrated strong product-market fit and rapid revenue growth in a largely untapped market. Their vertical integration, coupled with a capable founding team, positions them to build a global electric motorcycle brand from India.&rdquo;
Oben Electric&rsquo;s current lineup includes the Rorr and its more accessible variant, the Rorr EZ. Priced from ₹99,999, the Rorr EZ offers 0&ndash;40 km/h acceleration in 3.3 seconds, a top speed of 95 km/h, and a range of up to 175 km (IDC). It is powered by advanced LFP battery packs known for safety, durability, and weather resistance.
Looking ahead, Oben Electric is preparing to raise $30 million in a Series B round later in 2025 to fund international expansion and further scale its operations. The company aims to evolve into a global electric motorcycle brand&mdash;designed in India, for the world. 
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Source : Startup Story

Bengaluru-based electric motorcycle manufacturer Oben Electric has successfully closed an extended Series A funding round, raising an additional ₹50 crore in May 2025.

Oben Electric Secures ₹50 Crore in Extended Series A Round; Total Funding Reaches ₹200 Crore