Bengaluru-based electric motorcycle innovator Oben Electric has clinched an additional ₹50 crore in an extended Series A funding round, doubling its Series A total to ₹100 crore and pushing its overall capital raised to a robust ₹200 crore. This latest investment round, which saw enthusiastic participation from both new and existing backers like Helios Holdings, the Sharda family office, and the Kay family, is a testament to the growing confidence in Oben’s vision for India’s electric mobility future.
Oben’s Ambitious Growth Blueprint
Expanding Retail Footprint Across India
With this fresh infusion, Oben Electric is set to turbocharge its retail expansion, aiming to establish over 150 showrooms in more than 50 cities by the end of FY26. The company has already made impressive strides, launching 37 outlets across 26 cities in 13 states, including key markets like Punjab, Gujarat, Telangana, and Odisha. This rapid growth highlights the surging demand for electric two-wheelers and Oben’s strong execution capabilities.
Manufacturing and After-Sales Boost
A significant portion of the new funds will be channelled into scaling up Oben’s state-of-the-art manufacturing facility in Bengaluru and strengthening its after-sales service network nationwide. This move is designed to ensure a seamless ownership experience for customers and support the company’s aggressive expansion plans.
O100 Platform: Affordable Electric Motorcycles for Every Indian
Democratizing EVs with Sub-₹1 Lakh Offerings
A major highlight of Oben’s roadmap is the development of the ‘O100’ platform—an all-new electric motorcycle line priced below ₹1 lakh, specifically crafted for India’s price-sensitive mass market. The O100 platform, engineered at Oben’s Bengaluru R&D centre, is built to deliver performance, durability, and affordability, targeting the 100cc equivalent segment that dominates nearly 30% of India’s two-wheeler market.
Modular, Future-Ready Design
The O100 platform features a modular architecture, supporting multiple variants and battery options to cater to diverse commuter needs. Its future-ready design allows for seamless integration of emerging technologies, ensuring Oben’s offerings remain at the forefront of India’s evolving EV landscape.
Homegrown Innovation and Vertical Integration
In-House R&D and Manufacturing
Oben Electric stands out for its deep-tech approach, with all critical EV components—including LFP batteries, motors, and control units—developed and manufactured in-house. This vertical integration not only ensures tighter control over quality and costs but also positions Oben as a leader in indigenous electric vehicle innovation.
Strong Investor Endorsement
Investors have lauded Oben’s technology, product-market fit, and growth trajectory, with the Sharda family office highlighting the company’s potential to build India’s first global electric motorcycle brand.
What’s Next: Global Ambitions and Series B on the Horizon
Looking ahead, Oben Electric is gearing up for a Series B funding round, targeting $30 million to fuel international expansion and further extend its product pipeline. The company’s vision is clear: to make “Designed in India for the World” a reality in the electric two-wheeler space.
Key Takeaways for Indian EV Enthusiasts
Oben Electric has raised a total of ₹200 crore, with ₹100 crore in Series A funding.
Plans to expand to 150+ showrooms across 50+ cities by FY26.
O100 platform to deliver affordable electric motorcycles under ₹1 lakh, targeting the mass market.
Strong focus on in-house R&D, manufacturing, and after-sales service.
Series B round in the pipeline to support global ambitions.
Oben Electric’s latest funding milestone marks a significant leap for India’s electric mobility sector, promising affordable, high-quality EVs for every Indian and setting the stage for global impact