The domestic electric motorcycle maker Oben Electric has raised INR 50 crores after the successful completion of its Series A fundraising round.

Ambis Holding US, Kuberan Ventures, Karimjee Group from Africa, Mission Vertical-US Based VC, Sanjeev Saraf (Polyplex) Family Office, Pravek Kalp Family Office, and other current investors participated in the funding round. This brought the company’s total equity capital raised to INR 150 Cr to date.

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Madhumita Agrawal, Founder & CEO, Oben Electric, said, “We are thrilled to close this Series A funding round, marking a pivotal moment in our journey to build a global EV powerhouse…This funding will fuel our next phase of growth as we expand across India and set our sights on entering strategic international markets, ultimately positioning Oben Electric among the top global players in the electric mobility space.”

By FY26, the business hopes to use this capital to grow its current distribution network to include more than 100 showrooms and Oben Care service centers spread over 50 Indian cities. Additionally, the business intends to use these money to increase the range of products it now offers.

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The company also holds 18+ patents for its proprietary technology and EV components. Oben Electric as an early mover is leading the adoption of electric motorcycles in India and intends to become the largest electric motorcycle OEM globally.

About Oben Electric

Founded by Sagar Thakkar, Dinkar Agrawal and Madhumita Agrawal, Oben Electric is an electric motorcycle start-up. It is an R&D-driven organization designing, developing, and manufacturing electric motorcycles in-house along with critical EV components.

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