Oben Electric, a homegrown electric motorcycle manufacturer, has raised an additional $5.8 million (approximately Rs 50 crore) in its ongoing Series A funding round from new and existing investors, including Helios Holdings, the Sharda family office, and the Kay family.
The company had raised Rs 50 crore in January, bringing its total Series A round to Rs 100 crore and its overall fundraise to Rs 200 crore, according to a statement.
The fresh funding will help Oben Electric accelerate its expansion to over 150 showrooms across 50+ cities by FY26. It will also be used to fast-track product development of the company’s new ‘O100’ platform for affordable electric motorcycles under ₹1 lakh. The company also plans to scale up its manufacturing within the Bangalore facility and strengthen its after-sales service network across markets.
“We’re expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratise electric motorcycles for the mass market. Backed by full vertical integration and a resilient supply chain, this funding prepares us for a new phase of scale, impact, and growth opportunities,” said Madhumita Agrawal, founder & CEO of Oben Electric.
Following the initial Series A raise, Oben Electric rapidly scaled with 37 retail outlets across 26 cities in 13 states, entering key markets like Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha, underscoring strong post-funding execution and demand.
Going forward, Oben Electric plans to raise $30 million in a Series B round in 2025 to support international expansion and further scale-up of production and product lines.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from June 15-18, 2025.
