Oben Electric Closes Series A Round Of Rs 100 Cr With Additional Rs 50 Cr

Oben Electric, an electric motorcycle manufacturing startup, has raised additional ₹50 Cr in May 2025 through an extended Series A funding round. The extended series A round follows series A round of ₹50 Cr raise in January 2025, bringing the total Series A funding to ₹100 Cr and overall funding raised to ₹200 Cr. The round saw participation from new and existing investors including Helios Holdings, Sharda family office, Kay family and other new & existing investors. 

This latest infusion of funds will power Oben Electric’s growth and accelerate its expansion to over 150 showrooms across 50+ cities by FY26, fast-tracking product development of the company’s new ‘O100’ platform for affordable electric motorcycles under Rs 1 lakh, and scaling up its manufacturing within Bangalore facility and strengthening its after-sales service network across markets.

Following the initial Series A raise, Oben Electric rapidly scaled with 37 retail outlets across 26 cities in 13 states, entering key markets like Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha.

Commenting on the funds raised, Madhumita Agrawal, Founder & CEO of Oben Electric, said, “The extended Series A funding is a strong vote of confidence from our investors and comes at a time when our momentum is accelerating nationwide. We’re expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratise electric motorcycles for the mass market. Backed by full vertical integration and a resilient supply chain, this funding prepares us for a new phase of scale, impact, and growth opportunities.

Oben Electric stands apart as an R&D-led, vertically integrated company, designing and manufacturing not just electric motorcycles but also all critical components, including batteries, motors, vehicle control units, and home fast chargers. Backed by a 500+ member expert team, Oben operates a fully compliant, 100,000-units-per-year manufacturing facility in Jigani, Bengaluru, supported by a strong domestic supply chain of 150+ vendors. Its e-motorcycles undergo testing across 200+ performance parameters and are supported by 68,000+ public charging stations and 10+ ecosystem partners for insurance, financing, and roadside assistance."

Looking ahead, Oben Electric plans to raise USD 30 million in Series B in 2025 to support international expansion and further scale-up of production and product lines.