Oben Electric has secured INR 50 Crore in an Extended Series A funding round, bringing the total to INR 100 Crore.
Bengaluru-based electric motorcycle company Oben Electric, has garnered INR 50 crore in the extended series A funding round. Thus the total funded amount for series A stands at INR 100 crore.
This round witnessed participation from various new as well as old investors like Sandesh Sharda from the The Sharda Family Foundation and other investors like Helios Holdings, and the Kay family. According to Oben Electric, participants are aligning with the company’s product vision, execution process, and detailed marketing strategy exclusively made for the electric motorcycle market.
Allocation of Funds
As per Oben Electric, the new funds will be allocated towards following activities:
- Increasing the retail presence of the brand to over 150 showrooms spread across more than 150 cities till the end of FY26.
- Focussing towards the development of its upcoming all-new ‘O100’ electric motorcycle platform, which is specifically designed to develop e-motorcycles under Rs 1 Lakh.
- Solidifying manufacturing prowess and after-sales network.
Oben Electrics is currently working on increasing their scale of operations and broadening their electric vehicle lineup to position their offerings for every user irrespective of his budget.
