changeadminBengaluru-based electric motorcycle startup Oben Electric has successfully closed an extended Series A round, securing an additional Rs 50 crore and taking the total Series A funding to Rs 100 crore (~$11.5 million).
The round saw participation from new and existing investors, including Sandesh Sharda from The Sharda Family Foundation, Helios Holdings and the Kay family.
Founded in 2020 by Madhumita Agrawal, Dinkar Agrawal and Sagar Thakkar, the EV startup designs, develops and manufactures electric motorcycles and their components.
In 2022, the Bengaluru-based startup launched its first electric motorcycle, Rorr, which comes in three variants with battery capacities ranging from 2.6 kWh to 4.4 kWh. In 2025, it expanded its portfolio to include Rorr EZ, with a range of 175 km.
Oben Electric, in a social media post, suggested that it is going to use the money from its latest round to expand to 150+ showrooms in 50+ cities by the end of FY26. They’re already present in more than 20 Indian cities across a dozen states.
The company also expects to use the money to strengthen its manufacturing and after-sales infrastructure at scale.
It further mentioned the development of the ‘O100’ platform, electric bikes which are equivalent to the 100cc segment. The O100 bike is expected to cost under Rs 100,000 and launch in the latter half of 2025.
India’s current fossil-fuel motorcycle market includes 100cc, executive-class 125cc, mass-premium 150cc, and luxury segments. Oben’s strategy has been to cater for the first three segments.
Oben Electric designs and manufactures key components such as batteries, motors, vehicle control units, and chargers in its Bengaluru facility.
The challenge for Oben will be the tough competition from other emerging electric motorcycle startups and larger players like Hero, Ola and Ather.
However, the good news is that the electric bike segment is rapidly gaining traction in India, propelled by rising customer demand, technological advancements and government incentives.
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