Oben Electric Raises ₹100 Crore in Series A Funding Round to Accelerate EV Innovation
Oben Electric, a leading Indian electric two-wheeler startup, has successfully raised ₹100 crore in its Series A funding round. The funding round was led by a mix of institutional investors, family offices, and high-net-worth individuals (HNIs), reflecting growing investor confidence in India’s EV transition and Oben’s potential to become a major player in the electric mobility space.
The funds raised will be strategically deployed to scale up manufacturing capacity, strengthen research and development (R&D), expand retail presence, and enhance after-sales support infrastructure. Oben Electric aims to use this capital to not only increase production of its flagship electric motorcycle — the Oben Rorr — but also to accelerate the development of future product lines that cater to India’s growing demand for affordable, high-performance electric two-wheelers.
Founded in 2020 and headquartered in Bengaluru, Oben Electric has quickly made a name for itself in India’s EV sector by offering stylish, high-performance electric motorcycles with superior range and features tailored to Indian roads. Its first product, the Oben Rorr, has been well-received for its sporty design, 100+ kmph top speed, and real-world range of over 180 km on a single charge.
Commenting on the funding, Madhumita Agrawal, Co-founder and CEO of Oben Electric, said:
“We are thrilled by the trust our investors have shown in our vision. This Series A funding will allow us to accelerate our growth plans and continue innovating in the electric two-wheeler segment. Our focus remains on building EVs that are not only sustainable but also exciting and performance-oriented for Indian consumers.”
The EV startup plans to expand its footprint across multiple Indian cities by setting up experience centers and dealership networks, starting with metros and Tier-1 cities. Oben Electric also plans to ramp up its service support, battery-swapping infrastructure (in partnership with third parties), and ensure a seamless customer ownership experience.
India’s electric two-wheeler market is witnessing exponential growth, driven by rising fuel prices, stricter emission norms, and increasing environmental consciousness. Government incentives under FAME-II and state-level subsidies have further boosted adoption, with startups like Oben Electric leading the innovation wave.
With this funding, Oben is better positioned to challenge larger incumbents and bring more EV innovations to market, as it aims to deliver electric motorcycles that blend performance, affordability, and sustainability.
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