Bengaluru-based electric motorcycle company Oben Electric has added another Rs 50 crore to its war chest, bringing its total Series A round to Rs 100 crore. This latest cash injection also nudges its total funding to date to a solid Rs 200 crore.
The newest round—coming just a few months after a similar raise in January 2025—drew support from returning investors, along with new names like Helios Holdings, the Sharda Family Office, and the Kay Family. The company says it will use the funds to ramp up its physical presence, step up manufacturing, and introduce more budget-friendly offerings aimed squarely at the Indian middle class.
“This investment arrives at a pivotal time for us,” said Madhumita Agrawal, founder and CEO. “We’re growing across the country and working hard to make electric motorcycles something everyday riders can afford and rely on.”
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Charging Ahead: From 37 Stores to 150
Oben isn’t wasting time. Since its first Series A raise, the company has launched 37 outlets in 26 cities across 13 states, including Punjab, Gujarat, Telangana, and Odisha. With the new funds, that number is set to balloon to over 150 showrooms in 50 cities by FY26. Plans are also in motion to beef up its after-sales support and expand production at its facility in Bengaluru.
Enter the O100: A Sub-Rs 1 Lakh EV for the Masses
A major part of Oben’s future strategy is its upcoming O100 platform, an electric motorcycle line designed to hit a price point under Rs 1 lakh—a sweet spot for Indian buyers who want value without sacrificing performance or longevity.
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Oben also stands out for building most of its tech in-house—from batteries and motors to control systems—a move that helps keep both quality and costs in check. The company says this vertical integration will be a key lever as it fights for dominance in India’s increasingly competitive EV market.
With its sights now set on scaling and accessibility, Oben is making it clear: the electric two-wheeler revolution isn’t just for the premium crowd anymore.
