Oben Electric Private Limited, an electric motorcycle manufacturer, has raised INR 85 million in a Pre-Series B funding round as it enters a new phase of growth focused on scaling distribution, manufacturing efficiency, and product development. The funding round included participation from Indian American family offices, including Raj K Soin, Musa Dakri, and Ramesh Bhutada, along with existing investors.
The capital raise comes as the company reports a tenfold increase in revenue over the past 12 months and prepares to scale operations nationally. The company said it is targeting revenue of INR 100 million in FY26 and aims to achieve cost-of-goods-sold break-even by March 2026, followed by EBITDA break-even by 2027.
The company plans to use the fresh capital to expand its retail and service footprint to 150 exclusive showrooms and service centres by March 2026, with a longer-term target of 500 outlets over the subsequent two years. Oben Electric stated that dealership expansion is being driven by sustained customer demand and interest from new and existing dealers, with several current dealerships reporting profitability.
In parallel, the company said it will invest in increasing brand visibility and accelerating new product development and launches. Oben Electric is also focused on improving production efficiency and further optimising its bill of materials through design-led engineering changes, as part of its vertically integrated manufacturing strategy.
In 2025, Oben Electric expanded its sales channels to include digital commerce platforms, making its electric motorcycles available through Amazon and Flipkart. The company said this move has improved customer accessibility and supported demand across both physical retail and online channels. It currently operates more than 85 showrooms across over 70 cities in 18 states.
“This new funding gives us clear visibility and confidence to achieve COGS break-even by March 2026,” said Madhumita Agrawal, Founder and Chief Executive Officer of Oben Electric. She added that the company remains focused on scaling sustainably while progressing towards EBITDA break-even in 2027.
Earlier in the year, Oben Electric introduced the Rorr EZ Sigma, a city-focused electric commuter motorcycle. The model features include reverse mode, a connected colour thin-film transistor (TFT) display, and revised ergonomics aimed at everyday usability. The company said customer feedback on the model has been positive, particularly in relation to comfort and ease of use.
Oben Electric operates a 3.5-acre integrated manufacturing facility in Bengaluru, where it undertakes in-house design, development, and manufacturing of key components, including lithium iron phosphate batteries, electric motors, chargers, and TFT displays. Following the Pre-Series B round, the company’s total funding to date stands at INR 285 million, and it said discussions are ongoing for a subsequent Series B round.
