Oben Electric Raises Rs 85 Crore in Pre-Series B to Scale Exclusive Stores
The raise gives the company runway to pursue COGS break-even by FY26.
Overview
- The round lifts total funding to Rs 285 crore, with new backing from Indian-American family offices including Raj K Soin, Musa Dakri and Ramesh Bhutada alongside existing investors.
- Oben plans to grow to 150 exclusive showrooms with service centres by March 2026 from 85+ locations across 70+ cities in 18+ states.
- Development of the O100 100cc-equivalent motorcycle platform is on track, with company-guided sales expected to begin next year.
- Management is targeting about Rs 100 crore in revenue for FY26, COGS break-even by March 2026 and EBITDA break-even in 2027.
- VAHAN data shows registrations rose from 630 units in 2024 to 2,828 in 2025 through November, reflecting accelerating market traction.