Oben Electric has successfully raised ₹85 crore in its latest pre-Series B funding round, marking a strong vote of confidence from investors in the company’s business model and growth strategy. The funding round saw participation from several Indian-American family offices, including Raj K Soin, Musa Dakri, and Ramesh Bhutada, along with continued backing from existing investors. This fresh capital brings Oben Electric’s total funding to ₹285 crore to date.
The newly secured funds will be primarily used to strengthen Oben’s national retail footprint and support its rollout of new products. Oben Electric has set ambitious plans to expand its exclusive showroom and service network across more Indian states and cities, further enhancing its visibility and accessibility in the fast-growing electric two-wheeler segment.
Over the past year, the company has experienced impressive growth, reporting a ten-fold jump in revenue and positioning itself to achieve ₹100 crore in revenue in the financial year 2025-26. Oben Electric also aims to reach cost-of-goods-sold (COGS) break-even by March 2026, a key milestone demonstrating its focus on operational sustainability as it scales production and retail operations.
Looking ahead, the company is targeting EBITDA break-even by 2027, supported by strong dealer interest and increasing customer demand. Oben currently operates over 85 showrooms spread across more than 70 cities in 18 states, and it plans to grow this network to 150 outlets by March 2026, with an even more ambitious goal of 500 showrooms in the next two years.
In addition to physical expansion, Oben is also broadening its digital sales presence by making its electric motorcycles available on e-commerce platforms such as Amazon and Flipkart, helping it reach a wider range of customers across urban and semi-urban regions.
Founded in 2020, Oben Electric has consistently focused on deep vertical integration, developing key EV components like batteries, motors, and controllers in-house at its Bengaluru facility. The company’s strategy reflects its intent to build robust supply chains and leverage proprietary technologies as it competes in India’s rapidly evolving electric mobility market.
