Oben Electric,a Bengaluru-based electric motorcycle manufacturer, has successfully raised ₹50 crore in its Series A funding round. This milestone brings the company’s total equity funding to ₹150 crore.
The funding round attracted investments from prominent global and domestic players, including Ambis Holding US, Kuberan Ventures, Karimjee Group from Africa, Mission Vertical (a US-based VC), the Sanjeev Saraf (Polyplex) Family Office, Pravek Kalp Family Office, and other existing stakeholders.
With the new capital, Oben Electric plans to accelerate its expansion in the Indian electric two-wheeler market. The company aims to set up over 100 showrooms across 50 cities by FY26, significantly increasing its distribution network from its current footprint in 10 cities. It also plans to bolster its service infrastructure by expanding the Oben Care network, solidifying its market presence.
Currently, Oben Electric operates in cities like Bengaluru, Delhi, Jaipur, Lucknow, Pune, Kochi, and Thiruvananthapuram with more than 20 showrooms. The company produces four electric motorcycle models at its manufacturing facility, which has an annual production capacity of 100,000 units.
Oben Electric’s flagship product, the “Rorr” e-motorcycle, has established the brand as a key contender in India’s growing electric motorcycle market. Equipped with a 72V Lithium-ion battery, the Rorr offers a range of up to 150 km per charge and a top speed of 100 km/h. Features such as fast charging, Bluetooth connectivity, and a digital instrument cluster position it as a modern, consumer-friendly option.
The company has also introduced other electric motorcycle variants, catering to diverse consumer preferences with a focus on lightweight design, energy efficiency, and durability. All models come equipped with regenerative braking systems, tubeless tires, and multiple riding modes, ensuring safety and adaptability to Indian road conditions.
Though electric motorcycles account for only 1% of India’s overall motorcycle market, Oben Electric’s recent funding reflects growing investor confidence in the sector’s potential. The transition to electric vehicles is accelerating, and Oben Electric is strategically positioned to play a pivotal role in shaping India’s sustainable mobility landscape.
Founded with a vision of promoting eco-friendly transportation, Oben Electric continues to innovate and expand its portfolio to meet the evolving demands of Indian consumers, aiming to set benchmarks in performance, design, and sustainability in the electric two-wheeler market.
