Oben Electric raises ₹50 Cr in extended Series A round to scale manufacturing and launch mass-market EV platform
Investorsync desk1 min read
Deal sheet
₹50 Cr
- Stage
- Series A
- Sector
- Mobility, ClimateTech
- Announced
- 18 June 2025
Bengaluru-based Oben Electric has raised an additional ₹50 Cr in its extended Series A round, taking the total to ₹100 Cr. The round saw participation from Helios Holdings, LLC, Sharda family office, KAY FAMILY LLC, and other new and existing investors.
The capital will power Oben’s growth plans expanding its distribution network to 150+ showrooms across 50+ cities by FY26, scaling its Bengaluru manufacturing facility, enhancing after-sales service, and accelerating development of the O100 platform aimed at the sub ₹1 lakh segment.
Founded in 2020 by Madhumita Agrawal, Dinkar Agrawal, and Sagar Thakkar, Oben Electric designs, develops, and manufactures electric motorcycles and components at its Bengaluru facility. The company holds over 18 patents for its proprietary EV technology and vertical integration of core components like batteries, motors, and vehicle control units.
The company also plans to raise $30 million in Series B funding in 2025 to fuel international expansion and deepen product innovation.
....
Source: company announcement. First posted on the Investorsync LinkedIn page.
From InvestorDB