Bengaluru-based electric motorcycle maker Oben Electric raises Rs 50 crore

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Here’s a structured list based on the provided information:

Company Details

  • Startup: Oben Electric
  • Founders: Madhumita Agrawal

Funding Information

  • Funds Raised: Rs 50 crore (extended Series A), total Series A haul Rs 100 crore
  • Overall Capital Raised: Rs 200 crore
  • Funding Series: Extended Series A
  • Funding Date: Latest round follows a Rs 50 crore raise in January 2025

Investors

  • Existing Investors: Not specified
  • New Investors:
    • Helios Holdings
    • Sharda Family Office
    • Kay Family

Usage of Funds

  • Scale retail footprint
  • Accelerate manufacturing
  • Broaden product portfolio for mass-market affordability

Future Funding Plans

  • Upcoming Funding Round: Series B
  • Target Amount: $30 million
  • Timeline: Later in 2025

Key Highlights

  • Expansion to over 150 showrooms across 50 cities by FY 2026
  • Development of ‘O100’ platform (electric motorcycle priced below Rs 1 lakh)

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2025-06-18 12:35:09