Electric motorcycle manufacturer Oben Electric announced on Wednesday that it has secured an additional ₹50 crore in an extended Series A funding round.
With this latest infusion, the company’s total Series A funding now stands at ₹100 crore.
Oben Electric stated that the latest capital infusion will support its ongoing growth and accelerate the expansion of its distribution network to over 150 showrooms across more than 50 cities by FY26. Additionally, the funds will fast-track the development of its new ‘O100’ platform, aimed at launching an electric motorcycle priced under ₹1 lakh.
The company also mentioned that a portion of the funds will be used to scale up its Bengaluru-based manufacturing facility and enhance its after-sales service network across key markets.
The extended Series A round saw participation from both new and existing investors, including Helios Holdings, the Sharda family office, the Kay family, and others.
“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,” said Madhumita Agrawal, Founder and CEO of Oben Electric.
Backed by full-vertical integration and a robust supply chain, this latest funding round positions Oben Electric for its next phase of scale, broader impact, and new growth opportunities, the company stated.
To date, Oben Electric has secured a total capital infusion of ₹200 crore. Following its initial Series A raise, the company rapidly expanded its footprint, establishing 37 retail outlets across 26 cities in 13 states. This includes entry into key markets such as Punjab, Gujarat, Madhya Pradesh, Uttar Pradesh, Telangana, Chhattisgarh, and Odisha.
The latest funding will not only accelerate its product innovation and distribution reach but also strengthen its manufacturing and service infrastructure—paving the way for sustainable, scalable growth in the EV sector.
