Bengaluru-based electrical bike producer Oben Electrical has secured a further Rs 50 crore in Might 2025 by means of an prolonged Sequence A spherical. This follows a Rs 50 crore elevate in January 2025, bringing the entire Sequence A funding to Rs 100 crore and the corporate’s total capital raised to Rs 200 crore, in keeping with a press release by the corporate.
The spherical noticed continued backing from present buyers, alonside new participation from Helios Holdings, the Sharda Household Workplace, and the Kay Household. The funding displays rising investor confidence in Oben Electrical’s market traction, product power, and monetary efficiency.
Following its preliminary Sequence A fundraise, Oben scaled quickly, launching 37 stores throughout 26 cities in 13 states, together with Punjab, Gujarat, Telangana, and Odisha—underscoring robust post-funding execution and shopper demand.
The brand new capital will assist Oben’s subsequent progress section—increasing to 150+ showrooms throughout 50+ cities by FY26, ramping up manufacturing at its Bengaluru facility, enhancing after-sales infrastructure, and accelerating growth of the brand new ‘O100’ platform for inexpensive electrical bikes priced underneath Rs 1 lakh, the assertion added.
“This prolonged spherical is a robust vote of confidence in our long-term imaginative and prescient,” stated Madhumita Agrawal, Founder & CEO of Oben Electrical. “We’re not solely increasing our presence but in addition pushing innovation ahead with the O100 platform, geared toward making electrical mobility accessible to the lots. Our vertical integration provides us the management and agility wanted to scale effectively.”
Commenting on the funding, Sandesh from the Sharda Household Workplace stated: “Oben has demonstrated robust product-market match and fast income progress in a largely untapped market. Their vertical integration of key EV elements—battery, motor, and automobile management items—together with a succesful founding staff, positions them properly to construct a worldwide electrical bike model from India.”
Oben’s flagship Rorr and its entry-level variant Rorr EZ have turn out to be in style selections for city commuters. The Rorr EZ, beginning at Rs 99,999, gives a 0–40 km/h acceleration in 3.3 seconds, high pace of 95 km/h, and as much as 175 km IDC vary, powered by high-performance LFP battery packs—recognized for his or her sturdiness, security, and climate resilience.
Wanting forward, Oben Electrical plans to boost $30 million in Sequence B later in 2025 to assist worldwide enlargement and additional scale-up of its product lineup, persevering with its mission of constructing a worldwide electrical bike model that’s “Designed in India for the World.”
Edited by Megha Reddy
