Oben Electric Secures INR 85 Crores in Pre-Series B Funding; Targets INR 100 Cr Revenue in FY26

Oben Electric, one of India’s leading R&D-driven electric motorcycle manufacturers, has successfully raised INR 85 Crores in its Pre-Series B funding round. This latest infusion brings the company’s total funding to date to INR 285 Crores, signaling strong investor confidence in the brand's vertically integrated manufacturing model and rapid market adoption.

The round saw participation from renowned Indian-American Family Offices, including Raj K Soin, Musa Dakri, and Ramesh Bhutada, alongside other existing investors.

Fueling Expansion and Financial Milestones

The fresh capital comes at a critical growth juncture for Oben Electric. The company has outlined ambitious financial targets, aiming to achieve INR 100 Crores in revenue for FY26. With a sharp focus on operational discipline, Oben is on track to hit COGS (Cost of Goods Sold) break-even by March 2026 and targets EBITDA break-even by 2027.

The funds will primarily be utilized to:

• Scale Distribution: Expand the physical footprint to 150 exclusive showrooms and service centers by March 2026, with a long-term goal of 500 showrooms within the next two years.

• New Product Launches: Accelerate the development and launch of new electric motorcycle models.

• Brand Awareness: Increase marketing efforts to strengthen brand recall across national markets.

Currently, Oben Electric operates 85+ showrooms across 70+ cities in over 18 states. In 2025, the brand also diversified its sales channels by launching on digital commerce platforms like Amazon and Flipkart, further boosting accessibility.

Leadership & Investor Sentiment

Speaking on the successful raise, 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. This new funding gives us clear visibility and confidence to achieve COGS break-even by March 2026, an important milestone for any EV OEM operating at scale.”

Investors echoed this sentiment, highlighting the company's focus on quality and "Make in India" manufacturing. Raj K Soin, Chairman and CEO of Soin International, remarked, "When I visited the manufacturing facility, I was much impressed by their operation and extreme focus towards quality and processes. It was a combination of these factors and the large unfilled market for e-bikes that led me to invest."

Technological Edge and Recent Launches

Oben Electric differentiates itself through deep vertical integration. The company designs, develops, and manufactures critical EV components—including LFP batteries, motors, chargers, and TFT displays—in-house at its 3.5-acre facility in Bengaluru.

Earlier this year, the company introduced the Rorr EZ Sigma, a next-gen city commuter motorcycle featuring reverse mode, refined ergonomics, and a connected color TFT display. The model has received positive market feedback, contributing to the company's reported 10X revenue growth over the past 12 months.

With the Pre-Series B closed, Oben Electric is now in active conversations to close its Series B round to further fuel its mission of becoming a global leader in the electric motorcycle segment.