changeadminBengaluru-based electric motorcycle startup Oben Electric has successfully raised ₹85 crores ($9.4 million) in its Pre-Series B round, with participation from renowned Indian-American family offices, including Raj K Soin, Musa Dakri, Ramesh Bhutada and other existing investors.
Founded in 2020 by Madhumita Agrawal, Dinkar Agrawal, and Sagar Thakkar, Oben specialises in designing, developing, and manufacturing high-performance electric motorcycles and components, including lithium batteries and motors.
Oben Electric focuses on R&D-driven production of electric motorcycles and vertical integration of components such as batteries, motors, and chargers at its Bengaluru facility.
Oben offers models such as the flagship Oben Rorr, the urban commuter Rorr EZ (priced from ₹99,999, with 175 km IDC range, 95 km/h top speed, and 0-80% charge in 2 hours), and the advanced Rorr EZ Sigma, featuring a 5-inch TFT display and app connectivity. The Rorr features an 8 kW motor, up to 100 km of range in Sport mode, riding modes (Eco, City, Havoc), Bluetooth, Wi-Fi, geofencing, and anti-theft alarms.
In June 2025, Oben closed an extended Series A round, securing an additional Rs 50 crore, bringing the total Series A funding to Rs 100 crore (~$11.5 million). The round saw participation from The Sharda Family Foundation, Helios Holdings and the Kay family.
The startup is in talks for a larger Series B round to strengthen its position in India’s competitive electric vehicle market, particularly the motorcycle segment, which has grown rapidly due to government incentives, rising fuel costs, and environmental awareness.
All major two-wheeler manufacturers and a slew of electric motorcycle startups in India are offering their products to eco-conscious riders, emphasising safety and performance.
To remain ahead in the curve, Oben Electric plans to deploy funds to expand its national retail and service network, accelerate new product development and launches, strengthen in-house R&D and core technology, enhance the overall customer experience, and build greater brand awareness across key markets.
According to the company, it expects to achieve ₹100 cr in revenue in FY26, 10x the prior year, and targets EBITDA break-even by 2027.
The Bengaluru-based startup sells its electric motorycles from more than 50 showrooms across major towns in India. The company wants to scale to 150 dealerships and service centres across India by the end of this financial year.
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