Oben Electric, India’s innovation-driven electric motorcycle manufacturer, has successfully completed an extended Series A funding round, securing an additional ₹50 crore in May 2025. This follows the initial ₹50 crore raised in January, bringing the total Series A capital to ₹100 crore and cumulative funding to ₹200 crore.
The extended round saw fresh participation from Helios Holdings, the Sharda family office, the Kay family, and a mix of new and returning investors. The strong show of confidence reflects Oben Electric’s robust market traction, product excellence, and leadership in India’s fast-evolving electric two-wheeler landscape.
Commenting on the investment, Mr. Sandesh from the Sharda family office said, “Oben Electric combines the right blend of cutting-edge technology, strong market fit, and sustainable growth momentum. Their full-stack integration—including in-house development of LFP batteries, motors, and control units—sets them apart. We’re particularly impressed by the founders’ vision and execution maturity, which is critical for building a global-scale business. We believe Oben is on track to become India’s first global electric motorcycle brand.”
Driving Growth Across India
This funding will propel Oben Electric’s expansion to over 150 experience centers across 50+ Indian cities by FY26. It will also accelerate development of the company’s upcoming ‘O100’ platform—designed to bring electric motorcycles under ₹1 lakh to the mass market—alongside capacity enhancements at its existing manufacturing facility in Bengaluru and a stronger after-sales service footprint.
Following the first Series A infusion, Oben Electric rapidly scaled its retail presence with 37 outlets across 26 cities in 13 Indian states. The company marked its entry into major markets such as Gujarat, Madhya Pradesh, Punjab, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha, showcasing both demand and delivery capabilities.
Building India’s Most Integrated EV Motorcycle Brand
Oben Electric’s edge lies in its R&D-focused and vertically integrated business model. It designs and manufactures all core EV components in-house—including LFP batteries, electric motors, vehicle control units, and home fast chargers. Its state-of-the-art plant in Jigani, Bengaluru has an annual production capacity of 100,000 units and is supported by a robust ecosystem of over 150 domestic suppliers.
The company’s flagship electric motorcycle lineup—Oben Rorr and Oben Rorr EZ—caters to daily urban riders. Priced from ₹99,999, the Rorr EZ offers city-friendly features like 0–40 km/h acceleration in 3.3 seconds, a top speed of 95 km/h, and a range of up to 175 km (IDC) across three battery variants. Powered by India’s first high-performance LFP battery tech in this segment, the bikes are built for reliability, safety, and efficiency across diverse climates.
Preparing for Global Expansion
With a team of over 500 engineers and experts, and a testing regime covering 200+ performance benchmarks, Oben is geared for its next phase of innovation. It already benefits from access to 68,000+ public charging stations and a broad network of ecosystem partners for financing, insurance, and roadside assistance.
Looking ahead, the company aims to raise $30 million in Series B funding later in 2025 to enable international market entry and further expansion of its manufacturing and product portfolio.
Madhumita Agrawal, Co-founder and CEO of Oben Electric, commented, “The extended Series A round reinforces investor confidence in our vision and execution. We’re committed to scaling rapidly—through new platforms like O100 and deeper market reach—while continuing to build the most advanced, affordable, and reliable electric motorcycles in the country. This is a pivotal step in our journey of creating a world-class, ‘Designed in India for the World’ brand.”
Founded in August 2020 and headquartered in Bengaluru, Oben Electric is a technology-first electric motorcycle company focused on in-house innovation. The startup specializes in designing, engineering, and manufacturing high-performance electric motorcycles, along with all key EV components, entirely within India. With a team of skilled engineers and technologists bringing over 25 years of combined expertise in electric mobility R&D, Oben is driven by its mission: “Designed in India for the World.”
Shaping the Future of Two-Wheeler Mobility
Oben Electric has quickly emerged as a frontrunner in India’s evolving electric two-wheeler space by delivering meaningful innovations. The company is among the first in the segment to adopt Lithium Iron Phosphate (LFP) battery chemistry in motorcycles—providing superior safety, enhanced thermal stability, longer battery life, and a cleaner energy profile compared to traditional lithium-ion alternatives.
Oben’s commitment to technological advancement is also reflected in its strong IP portfolio, with over 25 patents filed across battery systems, EV components, and proprietary vehicle technology.
Leading the Charge in the World’s Largest Motorcycle Market
As an early mover in the electric motorcycle sector, Oben Electric is strategically positioned in India—the largest motorcycle market globally. With relatively few players in the high-performance electric motorcycle space, Oben aims to seize the first-mover advantage and scale as a global leader in electric two-wheelers.
The company’s long-term vision is to reshape the mobility experience by delivering affordable, high-tech, and eco-friendly motorcycles that cater to the varied needs of modern riders—be it daily commuting, performance, or reliability.
With its vertically integrated approach and a product roadmap rooted in sustainability and innovation, Oben Electric is not just building bikes—it’s building a movement toward smarter, cleaner mobility worldwide.