Oben Electric Raises ₹100 Cr to Expand EV Bike Network & Launch Affordable O100 Platform

Oben Electric Raises ₹100 Cr in Series A, Targets Affordable Electric Motorcycles & Pan-India Expansion

Homegrown electric motorcycle brand Oben Electric has closed its Series A round at ₹100 Cr, including an additional ₹50 Cr raised in May from investors like Helios Holdings, Sharda Family Office, and Kay Family. This milestone marks a significant step forward for Oben’s mission to build India’s first global electric motorcycle brand, with total funding now crossing ₹200 Cr.

Primary Use of Funds:

·       Expand to 150+ EV showrooms across 50+ Indian cities by FY26

·       Accelerate development of O100 platform – India’s first sub-₹1 lakh electric motorcycle

·       Scale production infrastructure at its Bengaluru EV facility

India’s EV Motorcycle Leader Sets Stage for Mass EV Adoption

Oben Electric, already known for its flagship Rorr and entry-level Rorr EZ, is taking aggressive steps to democratize electric mobility under ₹1 lakh. The upcoming O100 platform will focus on affordable, high-performance EV bikes with full vertical integration—batteries, motors, VCUs, and home fast chargers—all made in-house.

Top Features of Oben Rorr EZ:

• ₹99,999 starting price
• 0–40 km/h in 3.3 seconds
• Top speed: 95 km/h
• IDC range: Up to 175 km
• Powered by LFP battery tech

“This extended Series A is a strong vote of confidence,” said Madhumita Agrawal, Founder & CEO. “Our integrated EV tech stack and new O100 platform are designed to bring electric motorcycles to the mass market.”

Rapid Growth Backed by Proven Scale

Since its initial ₹50 Cr Series A raise in January, Oben Electric has rapidly opened 37 retail outlets across 13 states, including Gujarat, Telangana, Odisha, Punjab, and more—solidifying its pan-India reach. The new funding aims to triple that footprint.

What Investors Are Saying

“Oben Electric is one of the few startups combining R&D excellence, market traction, and founder maturity,” said Mr. Sandesh from Sharda Family Office. “With vertical integration and product quality, they’re poised to build a global EV bike brand from India.”

What’s Next: Series B & Global Ambitions

With Series A complete, Oben Electric is preparing for a $30 million Series B round later in 2025 to support:

• International expansion
• New vehicle launches under the O100 platform
• Advanced EV component scaling