- The funding round saw participation from prominent Indian‑American family offices along with other existing investors.
- The new capital will fuel Oben Electric’s nationwide retail expansion and accelerate upcoming product launches.
- The company remains firmly on track to achieve ₹100 crore in revenue in FY26.
- Oben Electric is positioned to achieve COGS break‑even by March 2026 and is targeting EBITDA break‑even by 2027.
Bengaluru | 18 December 2025: Oben Electric, India’s homegrown and R&D‑driven electric motorcycle manufacturer, today announced the successful raise of ₹85 crores in its Pre‑Series B funding round. The round saw participation from several prominent Indian‑American family offices, including Raj K. Soin, Musa Dakri, Ramesh Bhutada, along with other existing investors.
The investment reflects strong confidence in Oben Electric’s engineering depth, vertically integrated manufacturing model, customer traction, and 10X revenue growth over the past 12 months.
Strong Financial Trajectory: Revenue, Profitability & Scale
The funding comes at a pivotal moment as Oben Electric:
- Is on track to achieve ₹100 crore revenue in FY26
- Will achieve COGS break‑even by March 2026
- Targets EBITDA break‑even by 2027
The company plans to scale to:
- 150 exclusive showrooms & service centres by March 2026
- 500 showrooms over the next two years
Oben continues to see strong dealer confidence, reflected in high‑quality dealership applications and repeat investments from existing dealers who have already turned profitable.
Funding to Drive National Expansion & New Product Development
The new capital will be used to:
- Expand Oben Electric’s national distribution network
- Strengthen brand awareness and customer outreach
- Accelerate new product development
- Launch next‑generation electric motorcycles
- Enhance manufacturing efficiency and optimise bill of materials
Oben Electric currently operates 85+ showrooms across 70+ cities in 18+ states, with strong demand across both retail and digital channels.
Deep Vertical Integration: Oben’s Core Competitive Advantage
Oben Electric’s 3.5‑acre integrated manufacturing facility in Bengaluru enables end‑to‑end in‑house development of:
- LFP batteries
- Motors
- Chargers
- TFT displays
- Critical EV components
This vertical integration ensures:
- Superior quality control
- Lower cost of goods
- Faster innovation cycles
- Long‑term sustainability
In 2025, Oben also expanded to digital commerce platforms, making its motorcycles available on Amazon and Flipkart, significantly increasing accessibility and demand.
Madhumita Agrawal, Founder & CEO, Oben Electric, said: “This fundraise is a strong validation of investor confidence in Oben Electric’s operating momentum, capital discipline, and growth roadmap. With clear visibility toward COGS break‑even by March 2026 and EBITDA break‑even by 2027, we are scaling sustainably while building a category‑defining electric motorcycle company from India.”
Raj K. Soin, Chairman & CEO, Soin International; Ex‑Founder, MTC Technologies (USA): “I was deeply impressed by Oben’s vision, engineering focus, and manufacturing excellence. Their commitment to quality and the large untapped market for electric motorcycles made this an easy investment decision.”
Musa Dakri, Founder & Chairman, Wallis Bank (USA): “The electric two‑wheeler segment is expanding rapidly. With rising awareness around pollution and sustainable mobility, Oben Electric is positioned to grow quietly, powerfully, and sustainably.”
Ramesh Bhutada, Founder, Star Pipe Products (USA): “Oben is led by passionate founders committed to delivering India’s first truly eco‑friendly electric motorcycle for the masses. We see tremendous potential in this venture.”
Product Innovation: Rorr EZ Sigma
Earlier this year, Oben Electric launched the Rorr EZ Sigma, a next‑generation city commuter motorcycle featuring:
- Reverse mode
- Refined ergonomics
- Connected colour TFT display
- Smart features for everyday usability
The model has received overwhelmingly positive customer feedback for comfort, ease of use, and intelligent functionality.
Funding Milestone & Future Outlook
With this Pre‑Series B round, Oben Electric’s total funding now stands at ₹285 crores. The company is also in active discussions to close its Series B round.
Oben Electric aims to become the largest electric motorcycle OEM globally, driven by its “Design in India for the World” vision and a strong portfolio of patented EV technologies.
About Oben Electric
Oben Electric is an R&D‑driven electric motorcycle company founded in August 2020. The company designs, develops, and manufactures performance electric motorcycles and all critical EV components in‑house. Its 3.5‑acre Bengaluru facility has an annual production capacity of 1 lakh units. With over 25 patents and advanced LFP battery technology, Oben Electric is redefining the electric motorcycle landscape in India and beyond. Visit www.obenelectric.com for more details.
