An exciting seed funding round for Indian Electronic Vehicle startup Oben EV concludes with raising $1.5 million. This funding round was led by We Founder Circle and others.
Oben EV was founded by IIT and IIM husband-wife duo. This brand is embarking on producing new electric two-wheelers in-house with locally developed and assembled components. Oben EV will be introducing its first electric bike which runs for 200 km on a single charge clocking. It will also have a commendable top speed of 100 km/hr. The startup, as an added achievement, has over sixteen patented innovations ranging across topics from improving product performance, customer experience to Data Analytics.
Gaurav VK Singhvi, the proud CO-founder of We Founder Circle, said, “EV is on the rise- we’re going through an early-adopter phase in India- and we all know that the real opportunity will be in Electric two-wheeler. I support clean-energy startups with innovations like OBEN EV that will leave a positive impact on facets like mass mobility, clean environment, and overall conservation of ecosystem. What we need today is the tectonic shift to electronic vehicles. Oben EV is determined to set standards for the EV industry to grow in India.”
Madhumita Agarwal, proud CO-founder of Oben EV, expressed her happiness, “We are enthralled to raise the seed round as this fund will enable us to enter the market with the first entirely homegrown and indigenously developed performance motorcycle and deliver our first set of vehicles to the customers in the next six months.”
Oben EV will launch its first entrant in the market- which is the electric bike, in March 2022. The startup has ambitions to introduce four new products over the next two years in various segments. Oben EV team will utilise the newly raised impressive funds to introduce their 100% indigenous bike in the market, accelerate product development, and expand the experience center, as it looks to enhance its expansion plans and brand value.