Bengaluru based electric vehicle startup Oben Electric has raised ₹85 crore in a fresh funding round to scale its distribution network and accelerate new product launches. The round witnessed participation from Indian-American family offices based in the US along with angel investors Raj K Soin, Musa Dakri and Ramesh Bhutada.
The company said the newly raised capital will be deployed to strengthen its retail and service presence across key markets, expand customer touchpoints, and support upcoming product introductions. Oben Electric is also expected to invest in brand building and operational scale up as it looks to deepen its footprint in India’s fast growing electric two wheeler segment.
Founded in 2020 by Madhumita Agrawal, Dinkar Agrawal and Sagar Thakkar, Oben Electric focuses on performance oriented electric motorcycles designed and developed in house. The startup currently sells three variants of its Rorr electric motorcycle, which targets urban and semi urban commuters looking for a balance between performance, range and affordability.
Oben Electric has been steadily expanding its presence through company owned and partner-led dealerships, with a focus on Tier I and Tier II cities. The company believes that improving access to sales and after-sales infrastructure is critical to driving EV adoption and customer confidence.
India’s electric two-wheeler market has seen rising investor interest amid supportive government policies, increasing fuel costs and growing consumer awareness. Startups like Oben Electric are positioning themselves to capitalise on this shift by offering differentiated products and expanding reach beyond early adopter markets.
With fresh capital in hand, Oben Electric aims to scale faster, broaden its distribution network and strengthen its product portfolio as competition intensifies in the electric mobility space.
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