Oben Electric Powers Ahead with ₹500 Million Boost to Fuel EV Expansion – EQ
In Short : Oben Electric has secured ₹500 million in an extended Series A funding round to boost its electric vehicle operations. The funds will support production expansion, R\&D, and market growth. The EV startup aims to strengthen its product lineup and scale deliveries, aligning with India’s growing demand for sustainable mobility and the government’s push for clean transportation.
In Detail : Oben Electric has successfully raised ₹500 million in an extended Series A funding round, marking a significant milestone in its growth journey. The fresh capital will be used to expand the company’s electric vehicle manufacturing capabilities and accelerate its presence in the Indian EV market.
This funding round saw participation from a mix of existing investors and new backers who believe in Oben Electric’s long-term vision. With this investment, the company plans to scale up its production capacity to meet rising demand for electric two-wheelers across the country.
A portion of the funds will be allocated to research and development, enabling the company to enhance its technological capabilities and introduce advanced features in its upcoming models. Oben Electric aims to make EVs more efficient, reliable, and accessible for the mass market.
The company also plans to ramp up its distribution network and after-sales service infrastructure to ensure a seamless customer experience. By expanding its retail footprint and service centers, Oben Electric hopes to boost consumer confidence in electric mobility.
This funding comes at a time when India’s electric vehicle ecosystem is witnessing strong momentum, supported by government incentives and increasing awareness about sustainable transport. Oben Electric intends to tap into this favorable environment and contribute meaningfully to the transition toward clean mobility.
With this fresh investment, Oben Electric is positioned to strengthen its market presence, deliver new products, and play a key role in shaping the future of electric transportation in India. The company’s focus remains on innovation, quality, and customer satisfaction as it moves into its next phase of growth.
