Oben Electric Wraps Up ₹100 Cr Series A Round to Accelerate Growth
- Oben Electric closed its ₹100 Cr Series A round after raising an additional INR 50 Cr from investors such as Helios Holdings and the Sharda family office.
- The startup plans to scale to 150 showrooms across 50 cities by FY26 and currently holds 18+ patents for its EV technology.
Electric motorcycle startup Oben Electric has completed its ₹100 Cr(approximately $11.5 Mn) Series A funding round, securing the final ₹50 Cr in fresh capital from a mix of new and existing investors.
The latest tranche saw participation from Helios Holdings, the Sharda family office, and the Kay family, among others.
This follows the initial ₹50 Cr raised in January 2025 from Ambis Holding US, Kuberans Ventures, Karimjee Group, and Mission Vertical Capital.
Fueling Expansion and Product Development
The funds will be deployed to scale Oben’s operations across key areas, including expanding its retail presence, ramping up product development, and boosting manufacturing capacity at its Bengaluru facility.
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“We’re expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratize 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,” said Madhumita Agrawal, founder and CEO of Oben Electric.
Oben’s Growing Market Footprint
Founded in 2020 by Dinkar Agrawal, Madhumita Agrawal, and Sagar Thakkar, Oben Electric designs, develops, and manufactures electric motorcycles and EV components. The company holds more than 18 patents for its proprietary technology.
Funds from the first tranche of the Series A round enabled the company to open 37 outlets across 13 states, including Gujarat, Telangana, Punjab, and Uttar Pradesh. The company now aims to expand to 150 showrooms across 50 cities by FY26.
With over ₹200 Cr raised in total and 277 two-wheeler registrations last month, Oben is poised to capture a growing share of India’s surging EV market, projected to reach $132 Bn by 2030.
Edited by Annette George
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