To Launch Oben Rorr Mobike On July 1
Oben Electric has raised INR 88 Crores since inception and the fresh infusion which will help it boost its EV production capacity to 100,000 units per year
BENGALURU, June 28 (The CONNECT) – Oben Electric, a Bengaluru-based EV startup, has successfully raised INR 40 Crores in an extended pre-series A round. With this, the total Pre-Series A fundraise by the company goes up to INR 72 Crores, including equity and debt.
Oben has raised INR 88 Crores since inception which will support in increasing the EV production capacity to 100,000 units per year at their 3.5-acre manufacturing facility in Bengaluru.
The funding round attracted notable participation from Institutional investors like Stride Ventures and Indian Renewable Energy Development Agency (IREDA), along with new investors including Mumbai Angels and other high-net-worth individuals (HNIs). Existing investors such as Kalvani Family Office, US India EV Angels, and We Founder Circle also participated.
Madhumita Agrawal, Founder and CEO, Oben Electric, said the additional infusion of funds was done after meticulously planning the delivery dates and to meet the existing and future customer demand of Oben Rorr.
Oben Electric recently opened its first experience center in HSR Layout, Bangalore and deliveries of its performance electric motorcycle “Oben Rorr” will commence from 1st week of July. The EV startup has a distribution network in major Indian cities and plans to meet the demand of 21,000 preorders by scaling up their manufacturing capacity.
Oben Rorr stands out with its in-house design, development, and localization efforts, backed by 21 patents and 95% component-level localization. It proudly meets the latest Indian government regulations and safety standards for electric vehicles and batteries (AIS 156 amendment III phase II).
The bike achieves exceptional performance, boasting a 10 kW IPMSM motor developed in-house that enables impressive acceleration (0-40 kmph in 3 seconds) and a top speed of 100 kmph. It also sets a benchmark with a certified range of 187 km (IDC), the highest among electric two-wheelers in India. It also boasts of a first-in-segment LFP (Lithium Ferrous Phosphorous) cell technology-based battery pack, designed and developed in-house, which provides two times (2x) longer battery life and 50% higher heat resistance, making it the safest electric two-wheeler in India.
Nandini Mansinghka, CEO, Mumbai Angels, affirmed that EV has emerged as one of the hottest sectors in the startup ecosystem.
