Bengaluru’s Oben Electric Doubles Down with Rs 50 Crore Funding Boost Electric motorcycles are speeding into India’s future, and Oben Electric is leading the charge. The Bengaluru-based startup
Electric motorcycles are speeding into India’s future, and Oben Electric is leading the charge. The Bengaluru-based startup just raised Rs 50 crore in an extended Series A round, doubling its previous haul to Rs 100 crore and bringing total capital raised to a whopping Rs 200 crore.
With big new investors like Helios Holdings, the Sharda Family Office, and Kay Family joining existing backers, Oben is set to turbocharge its growth in the fast-evolving EV market.
Founder and CEO Madhumita Agrawal says the fresh capital will help Oben expand its retail footprint, ramp up manufacturing, and launch new affordable electric bikes designed for everyday riders.
Since the initial Series A, Oben has launched 37 showrooms in 26 cities — from Punjab to Odisha — and plans to blow that up to 150 outlets across 50 cities by 2026. Plus, they’re beefing up after-sales support and upgrading production at their Bengaluru facility.
Oben’s secret weapon? The O100 platform, a fully electric motorcycle priced below Rs 1 lakh — making it one of the most affordable electric rides for Indian consumers hungry for performance and value.
With in-house development of batteries, motors, and control units, Oben is keeping costs low while ensuring top-notch quality — a big reason investors are so confident.
Sandesh from the Sharda Family Office sums it up: “Oben has the right tech, product-market fit, and leadership to build India’s first global electric motorcycle brand.”
Oben isn’t stopping anytime soon. The startup is gearing up for a $30 million Series B round later this year, aiming to fund international expansion and roll out even more electric models.
Their bold vision? To build a two-wheeler electric brand “Designed in India for the World.”
As India’s EV market races toward a multi-billion-dollar future, Oben Electric’s aggressive growth, innovation, and focus on affordability position it as a major player in the electric motorcycle revolution.
If you’re thinking about switching to electric, Oben’s upcoming launches could be exactly what you’ve been waiting for.
