Oben Electric, a Bengaluru-based company, raised ₹100 crore in a Series A funding round. The startup is coming up with an electric motorcycle.
Noticeable participation from new and existing investors was seen, including Sandesh Sharda from The Sharda Family Foundation, Helios Holdings, and the Kay family. The investment shows the confidence of the investors in the company and the future of electric bikes.
“We thank all our investors for their continued trust in Oben Electric’s consistent growth and leadership in the electric motorcycle segment,” announced the company on LinkedIn.
With the newly secured funds, the company will be using them for the next phase of growth. The company aims to expand to over 150 showrooms across 50+ cities by the end of FY 2026. Bring affordable electric mobility under ₹1 lakh and strengthen manufacturing.
Oben Electric was founded by Madhumita Agrawal and Dinkar Agrawal and co-founded by Sagar Thakkar. All the founders play crucial roles in building Oben Electric. Madhumita is the Chief Executive Officer of the company, and Dinkar is the Chief Technology Officer, while Co-founder Sagar is the Chief Product Officer of the company.
“Another defining moment was Dinkar’s strategic decision to design and manufacture Oben Electric’s core components in-house. This move gave us complete control over innovation and quality, setting the company apart in India’s EV landscape,” Madhumita Agrawal said in an interview.
