The extended Series A round drew support from Helios Holdings, the Sharda family office, the Kay family, and other returning investors. The capital will drive Oben Electric’s plans to scale to 150+ showrooms across 50+ cities by FY26, fast-track development of its affordable ‘O100’ motorcycle platform, and bolster production capabilities at its Bengaluru facility.
Bengaluru, 18 June 2025 – Oben Electric, India’s R&D-focused electric motorcycle innovator, has raised an additional ₹50 crore through an extended Series A round in May 2025. This follows the initial ₹50 crore secured earlier in January, bringing total Series A funding to ₹100 crore and overall funding to ₹200 crore to date. The round attracted backing from both new and existing investors including Helios Holdings, Sharda family office, the Kay family, and other notable stakeholders—underscoring investor confidence in Oben Electric’s scalability, product strength, and market leadership.
Mr. Sandesh, representing the Sharda family office, noted:
“Oben Electric exhibits the right blend of innovation, market fit, and execution maturity. Their vertical integration of critical EV components, including LFP batteries and motor systems, coupled with strong growth metrics, positions them as a pioneering force in India’s electric mobility landscape. We believe Oben has the potential to create a global electric motorcycle brand from India.”
Fueling Scale, Innovation & Market Access
The latest infusion will drive Oben Electric’s strategic roadmap, including:
- Retail expansion to 150+ showrooms across 50+ cities by FY26
- Acceleration of R&D on the new ‘O100’ platform, enabling electric motorcycles under ₹1 lakh
- Enhanced production capacity at its Bengaluru facility
- Strengthening of the after-sales service network
Since its initial Series A raise, Oben has scaled to 37 outlets across 13 states, entering key regional markets such as Punjab, Telangana, Gujarat, and Odisha—affirming strong demand and fast execution.
Madhumita Agrawal, Founder & CEO, added:
“This extended funding round reflects growing belief in our model, momentum, and mission. Platforms like O100 will help us bring reliable, performance-driven EVs to a broader audience. Our vertically integrated approach ensures agility, quality control, and long-term differentiation in a high-growth market.”
Engineering Performance & Reliability from the Ground Up
Oben’s strength lies in its vertically integrated manufacturing model, developing core components like batteries, VCUs, motors, and fast chargers in-house. With a 500+ member team and a 100,000-unit annual capacity facility in Jigani, Bengaluru, the company also works with 150+ domestic vendors, ensuring supply chain resilience and quality control.
The Oben Rorr EZ, priced from ₹99,999, is designed for city riding—offering 0–40 km/h acceleration in 3.3 seconds, a top speed of 95 km/h, and up to 175 km range (IDC). Its powertrain is based on LFP (Lithium Iron Phosphate) battery tech, a first in India’s two-wheeler EV space—chosen for its longer life, temperature resistance, and safety.
Vision 2025: Global Scale and Series B Roadmap
With its Series A goals well underway, Oben Electric now eyes a USD 30 million Series B round in 2025 to support international market entry and further expansion of its product portfolio. Its long-term vision remains rooted in building a global brand—“Designed in India for the World.”
