Archive · 18 Jun 2025
Oben Electric Secures Additional Funding for Expansion and Growth
Oben Electric, a company that makes electric motorcycles, has gotten more money!
They received an extra 50 crore rupees, bringing their total funding in this round to 100 crore rupees.
This money will help them open more stores, aiming for over 150 showrooms in many cities.
They also plan to create a new, cheaper electric motorcycle called 'O100'.
Part of the funds will be used to make their factory bigger and improve their customer service.
Oben Electric secured an additional Rs 50 crore in its extended Series A funding round.
Total Series A funding for the electric motorcycle maker has reached Rs 100 crore.
Funds will be used to expand distribution to over 150 showrooms across 50+ cities by FY26.
The company plans to fast-track product development of the 'O100' platform.
Investment will also support scaling up the Bengaluru manufacturing facility and after-sales service.
- Who
- Oben Electric, an electric motorcycle maker.
- What
- Oben Electric raised an additional Rs 50 crore in funding.
- When
- Announced on June 18th (Implied).
- Where
- Bengaluru manufacturing facility, expanding distribution network across India
- Why
- To expand distribution, fast-track product development, and scale operations.
- Funding Amount (Additional)
- Rs 50 crore
- Total Series A Funding
- Rs 100 crore
- Distribution Goal
- 150+ showrooms across 50+ cities by FY26
- Product Development
- O100 platform (under Rs 1 lakh)
- Investors
- Helios Holdings, Sharda family office, Kay family, and others
- Total Capital Infusion
- Rs 200 crore