Oben Electric, a Bengaluru-based electric motorcycle manufacturer, has raised an additional ₹50 crore (US$6 million) in an extended series A funding round in May 2025.

This follows a previous ₹50 crore (US$6 million) series A funding raised in January 2025, bringing the total series A funding to ₹100 crore (US$11.6 million) and the overall funding to ₹200 crore (US$23.2 million)

The funding round included participation from both new and existing investors, such as Helios Holdings, Sharda family office, and Kay family.

The funds will support Oben Electric’s expansion, which includes plans to establish over 150 showrooms across more than 50 cities by FY26.

It will also help develop the new ‘O100’ platform for affordable electric motorcycles under ₹1 lakh (US$1,158) and enhance manufacturing capabilities at its Bengaluru facility.

In addition, Oben Electric plans to raise USD 30 million in a series B round later in 2025. This funding will support international expansion and increase production capacity.

Oben Electric designs and manufactures electric motorcycles and essential components in-house, including batteries and vehicle control units. Its manufacturing facility in Jigani, Bengaluru, has an annual capacity of 100,000 units and collaborates with over 150 domestic vendors.

🔗 Source: Oben Electric

🧠 Food for thought

1️⃣ Vertical integration emerges as a key differentiator in India’s competitive EV landscape

Oben Electric’s approach of developing critical components in-house, including LFP batteries, motors, and vehicle control units, represents a strategic advantage in an industry plagued by supply chain vulnerabilities.

This in-house development strategy contrasts with many Indian EV startups that rely on imported components, particularly batteries which typically account for 40-50% of an electric vehicle’s cost 1.

The “Make in India” initiative has significantly boosted domestic EV manufacturing, with companies like Oben leveraging it to build technological self-sufficiency and reduce dependency on global supply chains 2.

Vertical integration also provides crucial quality control benefits, particularly important after safety incidents with imported batteries prompted stricter government regulations in the Indian EV sector between 2022-2024.

The 500+ member team and 150+ domestic vendor relationships further demonstrate how Oben has built manufacturing resilience at a time when many EV startups struggle with consistent production quality.

2️⃣ Electric motorcycles represent an underserved high-growth segment in India’s EV revolution