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What is the story about?
Bengaluru-based electric motorcycle manufacturer Oben Electric has raised ₹
85 crore in a pre-Series B round for its next phase of growth.
The round saw participation from multiple Indian American Family Offices, including Raj K Soin, Musa Dakri, Ramesh Bhutada and other existing investors.
With this, Oben Electric said its total funding now stands at ₹285 crore, and added that it is in active conversations to close its Series B.
The new capital will drive Oben Electric’s next phase of growth by scaling its distribution network and increasing brand awareness, the company said, adding that simultaneously, the company will also accelerate new product developments and product launches.
The investment comes at a time the company is set to achieve ₹100 crore revenue in FY26, it said.
”This fundraise is a strong validation of investor confidence in Oben Electric’s operating momentum, capital discipline, and growth roadmap. This new funding gives us clear visibility and confidence to achieve COGS (cost of goods sold) break-even by March 2026, an important milestone for any EV OEM operating at scale,” Oben Electric Founder and CEO Madhumita Agrawal said.
The company said it targets EBITDA break-even by 2027 as it scales to 150 exclusive showrooms and service centres by March next year and 500 showrooms in the next two years, driven by strong dealership interest.
Currently, Oben Electric operates over 85 showrooms across 70 cities in 18 states. The company added that it is focussed on further optimising its bill of materials through design improvements, enhancing production efficiency and scale manufacturing for long-term sustainability.
Earlier in 2025, Oben launched the Rorr EZ Sigma, a city-focused electric motorcycle with features such as reverse mode and a connected TFT display. The company has also expanded online sales through platforms like Amazon and Flipkart.
The company competes with startups like Tork Motors and established players entering the electric motorcycle space, but differentiates through full vertical integration, over 25 patents, and R&D-led design.
The round saw participation from multiple Indian American Family Offices, including Raj K Soin, Musa Dakri, Ramesh Bhutada and other existing investors.
With this, Oben Electric said its total funding now stands at ₹285 crore, and added that it is in active conversations to close its Series B.
The new capital will drive Oben Electric’s next phase of growth by scaling its distribution network and increasing brand awareness, the company said, adding that simultaneously, the company will also accelerate new product developments and product launches.
The investment comes at a time the company is set to achieve ₹100 crore revenue in FY26, it said.
”This fundraise is a strong validation of investor confidence in Oben Electric’s operating momentum, capital discipline, and growth roadmap. This new funding gives us clear visibility and confidence to achieve COGS (cost of goods sold) break-even by March 2026, an important milestone for any EV OEM operating at scale,” Oben Electric Founder and CEO Madhumita Agrawal said.
The company said it targets EBITDA break-even by 2027 as it scales to 150 exclusive showrooms and service centres by March next year and 500 showrooms in the next two years, driven by strong dealership interest.
Currently, Oben Electric operates over 85 showrooms across 70 cities in 18 states. The company added that it is focussed on further optimising its bill of materials through design improvements, enhancing production efficiency and scale manufacturing for long-term sustainability.
Earlier in 2025, Oben launched the Rorr EZ Sigma, a city-focused electric motorcycle with features such as reverse mode and a connected TFT display. The company has also expanded online sales through platforms like Amazon and Flipkart.
The company competes with startups like Tork Motors and established players entering the electric motorcycle space, but differentiates through full vertical integration, over 25 patents, and R&D-led design.
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