Oben Electric’s ₹285 Crore Momentum: India’s Homegrown EV Motorcycle Maker Accelerates Growth with Pre-Series B Capital

In an era where electric scooters dominate India’s EV narrative, Oben Electric is redefining the road ahead — not by following trends, but by powering the nation’s shift toward performance-oriented electric motorcycles with deep R&D, vertical integration, and fresh investor confidence.

A New Phase of Growth: ₹85 Crore Pre-Series B Funding

In December 2025, Bengaluru-based electric motorcycle manufacturer Oben Electric successfully raised ₹85 crore (~$9.4 million) in a pre-Series B funding round, bringing its total capital raised to ₹285 crore to date.

This latest round saw strong participation from prominent Indian-American family offices — including Raj K Soin, Musa Dakri, and Ramesh Bhutada — along with ongoing support from existing backers, signaling robust investor confidence in Oben’s vision, engineering depth, and market traction.

The fresh funds are earmarked to expand the company’s retail and service footprint, boost brand visibility, and accelerate new product development and launches as Oben charts its course toward becoming a major force in India’s EV mobility landscape.

Funding Journey: From Series A to Pre-Series B

Oben’s funding progression over the past year reflects escalating investor belief in its business model:

• January 2025: Oben raised ₹50 crore in Series A to kickstart nationwide growth.

• May 2025: The startup completed an extended Series A round, adding another ₹50 crore, taking its total Series A to ₹100 crore and overall funding to ₹200 crore.

• December 2025: The ₹85 crore pre-Series B round lifted its cumulative funding to ₹285 crore, with discussions underway to close a Series B round.

This structured capital infusion underscores Oben’s disciplined financial strategy and growing commercial traction.

Scaling Operations and Expansion Goals

With this funding, Oben Electric has outlined ambitious yet strategic operational milestones:

Retail & Service Network Expansion

• Currently operating 85+ exclusive showrooms across 70+ cities in 18 states.

• Plans to increase to 150 showrooms and service centres by March 2026, with a long-term target of 500 outlets in the next two years.

Product Development & Innovation

• Accelerating development and launches of next-generation electric motorcycle models tailored for the Indian market.

• Strengthening its deep vertical integration by optimizing designs, enhancing manufacturing efficiency, and scaling production capacity.

Diversified Sales Channels

• In 2025, Oben expanded into digital commerce by launching its motorcycles on Amazon and Flipkart, broadening accessibility beyond traditional dealerships.

Financial & Profitability Roadmap

Oben Electric is crafting a clear path to financial sustainability:

• ₹100 crore revenue target for FY26, a milestone indicating growth beyond early traction.

• COGS (Cost of Goods Sold) break-even by March 2026, reflecting strong cost discipline.

• EBITDA break-even by 2027, positioning the company for scalable and sustainable operations.

These targets emphasize Oben’s commitment to not just growth, but operational excellence and profitability discipline — a critical differentiator in India’s competitive EV landscape.

Why Oben’s Strategy Matters

Oben Electric’s approach is distinct in several ways:

Vertical integration: In-house design and manufacturing of critical components including battery packs, motors, VCUs, chargers and displays, reducing dependency on imports and improving control over quality and cost.

Performance-oriented products: A focus on electric motorcycles rather than scooters — a segment with higher technical complexity and growth potential.

Homegrown R&D: Deep engineering capabilities rooted in India, aligning with the “Make in India” ethos and strengthening supply chain resilience.

Balanced growth strategy: Simultaneous expansion of physical and digital channels, ensuring broader customer reach and stronger brand presence.

Leadership & Market Perception

Led by Founder and CEO Madhumita Agrawal, Oben Electric stands out with a leadership team that blends technical expertise with strategic execution — a rarity in hardware-heavy EV startups. The strong investor participation and funding success reflect not just capital support, but belief in the company’s long-term vision and execution capability.

Conclusion: Charging Toward the Future

Oben Electric’s recent funding story is more than a financial headline — it’s a testament to emerging investor confidence in India’s EV motorcycle segment and Oben’s ability to execute a product-led, scalable growth strategy.

As the company pursues aggressive expansion, new product development, and operational break-even targets, it is well-positioned to set new benchmarks in India’s electrified mobility market.

In the race to electrify India’s two-wheeler landscape, Oben Electric isn’t just participating — it’s leading.