Oben Electric raises a total of Rs 150 Crore to expand its product offerings and distribution network, aiming to establish over 100 showrooms across 50 cities in India by FY26.
07 Jan 2025 | 2413 Views | By Autocar Pro News Desk
Oben Electric, a homegrown electric motorcycle manufacturer, has secured Rs 50 Crores in its Series A funding round, bringing the total equity funding raised by the company to Rs 150 Crores to date. The funding round saw participation from Ambis Holding US, Kuberan Ventures, Karimjee Group from Africa, Mission Vertical ...
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Oben Electric, a homegrown electric motorcycle manufacturer, has secured Rs 50 Crores in its Series A funding round, bringing the total equity funding raised by the company to Rs 150 Crores to date. The funding round saw participation from Ambis Holding US, Kuberan Ventures, Karimjee Group from Africa, Mission Vertical (a US-based VC), the Sanjeev Saraf (Polyplex) Family Office, Pravek Kalp Family Office, and other existing investors.
The funds will be used to expand Oben Electric’s product offerings and distribution network. The company plans to establish more than 100 showrooms across 50 cities in India by FY26. Additionally, the funds will support the expansion of Oben Care service centers, further strengthening its presence in the Indian electric motorcycle market.
Oben Electric currently operates in 10 cities, including Bengaluru, Delhi, Jaipur, Lucknow, Pune, Kochi, and Thiruvananthapuram, with over 20 showrooms. The company offers four electric motorcycle variants and operates a manufacturing facility with an annual production capacity of 100,000 vehicles. Its flagship product, the “Rorr” e-motorcycle, has helped establish Oben Electric as one of the key players in the electric motorcycle segment.
Although electric motorcycles currently make up only 1% of India’s motorcycle market, the recent funding highlights investor confidence in the growing transition to electric vehicles, with Oben Electric positioned as a prominent player in this shift.
Oben Electric is an Indian electric motorcycle manufacturer focused on expanding its presence in the growing electric two-wheeler market. Founded with the aim of providing sustainable mobility solutions, the company has developed a range of electric motorcycles targeting the needs of Indian consumers. Its flagship product, the “Rorr” e-motorcycle, makes it a competitive option in the country’s two-wheeler segment.
Oben Electric offers a range of electric motorcycles in India, with a focus on performance, design, and sustainability. The company’s product lineup includes the Rorr, a prominent e-motorcycle that combines advanced technology with superior performance.
The Rorr features a 72V Lithium-ion battery, providing a range of up to 150 km on a single charge. It comes equipped with a 5 kW motor that enables speeds of up to 100 km/h. The motorcycle is designed with modern features, including a digital instrument cluster, fast charging capabilities, and Bluetooth connectivity for easy integration with smartphones.
In addition to the Rorr, Oben Electric has expanded its portfolio to include other variants, each tailored to meet different consumer preferences and needs. These models are built with a focus on lightweight construction, durability, and efficiency, offering a competitive edge in the Indian electric motorcycle market.
The motorcycles are designed with a regenerative braking system, that improves safety and increases energy efficiency. The tubeless tires provide a comfortable ride across diverse road conditions. Oben Electric’s motorcycles also come with multiple riding modes.