Oben Electric: India’s Homegrown EV Startup Raising the Bar

India’s electric two-wheeler market is heating up, and Oben Electric is fast becoming a name you can’t ignore. In 2025, the Bengaluru-based startup made headlines by securing INR 100 crore in Series A funding, reaffirming its place among India’s most promising EV ventures.

But what makes Oben Electric so special? How does it plan to use this massive funding round? And is this the Indian Tesla moment for motorcycles?

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Let’s dig into it.

1. Oben Electric Raised INR 100 Cr in Series A Funding

Oben Electric first raised INR 50 crore in January 2025 and followed it up with another INR 50 crore in May, closing its Series A round at INR 100 crore (~$12 million USD).

This funding comes from a mix of new and returning investors including:

• Helios Holdings
• Sharda Family Office
• Kay Family Office
• Other strategic private backers

With this, Oben’s total capital raised to date stands at INR 200 Cr (~$24 million). That’s no small feat for an Indian EV company barely three years old.

2. The “O100 Platform” Is Coming: Affordable EV for the Masses

One of the most exciting outcomes of this funding is Oben’s upcoming O100 platform, which aims to launch a smart electric bike priced below ₹1 lakh.

Their mission? Create an electric motorcycle that’s not just stylish and powerful, but truly affordable to the average Indian consumer.

This makes Oben Electric one of the few startups trying to democratize electric mobility in a way that feels practical, not premium.

3. Nationwide Expansion: 150 Showrooms, 50+ Cities

Oben is putting its funding to work by aggressively scaling its presence across India.

Currently:

• 37 showrooms across 13 states
• Present in key markets like UP, MP, Gujarat, Telangana, Odisha, and Punjab

By FY2026:

• Goal: 150+ showrooms in 50+ cities
• Focus on Tier 2 and Tier 3 cities

Why this matters: Most EV companies cluster around metro hubs. Oben Electric is taking the road less traveled—quite literally.\

4. Made in India, For the World

Oben Electric isn’t just assembling parts. The company proudly designs and manufactures critical components in-house:

• LFP Batteries
• Electric Motors
• Vehicle Control Units (VCUs)
• Chargers

With 18+ patents filed, Oben is vertically integrated and IP-strong—a rarity among Indian EV startups.

Their state-of-the-art factory in Jigani, Bengaluru, has a current production capacity of 100,000 units per year, supported by 500+ employees and 150+ vendors.

This isn’t just manufacturing; it’s building an ecosystem.

5. What’s Next? A $30 Million Series B on the Horizon

Even with this fresh capital, Oben isn’t slowing down. The startup is already preparing for a $30 million Series B round later in 2025.

Planned use of funds:

• Export-readiness for international markets
• New vehicle launches
• Service infrastructure
• Tech innovation

Oben Electric is eyeing global markets with the confidence of a company that knows it has something special.

Why Oben Electric Deserves Your Attention

Oben Electric is not just another EV startup. It’s a vision-driven, technology-first, India-rooted disruptor poised to change how India (and maybe the world) moves.

• It’s affordable
• It’s scalable
• And most importantly, it’s smart

If you’re excited about India’s clean mobility future, Oben Electric is a name to remember.

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