Oben Electric raises $5.82 million in Series A funding
Author: PPD Team Date: January 8, 2025
Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices.
The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio.
The Bengaluru-based electric bike startup currently sells its motorcycle “Rorr” through more than 20 stores in 10 cities, with a manufacturing facility in Jigani, Bengaluru, producing over 100,000 units annually.
Oben Electric plans to raise $50 million in Series B funding by mid-2025 for further expansion, including exports.