Bengaluru-based electric motorcycle manufacturer Oben Electric has raised $10.2 million (approximately ₹85 crore) in a pre-Series B funding round, strengthening its growth plans in India’s rapidly expanding electric two-wheeler market.
The funding round was backed by Indian-American family offices, including Raj K Soin, Musa Dakri, and Ramesh Bhutada, along with participation from existing investors. The fresh capital is aimed at supporting Oben Electric’s next phase of expansion as competition in the EV motorcycle segment continues to intensify.
Funding Overview
- Company: Oben Electric
- Amount raised: $10.2 million (₹85 crore)
- Funding round: Pre-Series B
- Investors: Indian-American family offices and existing backers
- Founded: 2020
- Headquarters: Bengaluru, India
Use of Funds
Oben Electric plans to deploy the newly raised capital across several strategic priorities:
- Expansion of its retail and service network across major Indian cities
- Increased spending on brand building and customer outreach
- Support for new product development and launches
- Scaling up manufacturing capacity and operational capabilities
The company aims to grow its footprint to around 150 showrooms and service centres by March 2026, with longer-term plans to reach nearly 500 outlets over the next two years.
About Oben Electric
Founded in 2020, Oben Electric focuses on designing and manufacturing electric motorcycles built for Indian riding conditions. A key differentiator for the company is its vertically integrated manufacturing model, under which it develops and produces critical EV components in-house. These include battery packs, electric motors, vehicle electronics, and chargers.
This approach allows Oben Electric to maintain control over performance, reliability, and cost efficiency, while also enabling faster product innovation.
The company’s flagship offering, the Oben Rorr electric motorcycle, targets customers looking for performance-oriented electric two-wheelers rather than entry-level scooters.
Funding History and Future Plans
With this pre-Series B round, Oben Electric’s total funding to date stands at around ₹285 crore (roughly $34 million). The company has also indicated that it is preparing for a larger Series B funding round, which is expected to further support nationwide expansion and product diversification.
Why This Funding Is Significant
India’s electric two-wheeler market is dominated by scooters, but interest in electric motorcycles is steadily rising. Oben Electric’s latest fundraise reflects growing investor confidence in:
- The long-term adoption of electric motorcycles in India
- Vertically integrated EV manufacturing models
- Performance-focused EV products designed for local conditions
As competition increases, execution on expansion plans and product innovation will be critical for Oben Electric’s next phase of growth.
What to Watch Next
In the coming months, attention will be on Oben Electric’s:
- Speed of retail network rollout
- New product announcements
- Progress toward closing its upcoming Series B round
The company’s performance in these areas will determine how strongly it can position itself in India’s evolving EV ecosystem.