Traders corresponding to Ambis Holding US, Kuberan Ventures, Karimjee Group from Tanzania, the American enterprise capital agency Mission Vertical, and household workplaces led by Sanjeev Saraf (Polyplex) and Pravek Kalp have participated in Oben Electrical’s Sequence A funding spherical. Because of this current funding, the Bengaluru-based electrical car startup has now secured a complete fairness capital of 1.5 billion Indian rupees, which is roughly 16.8 million euros.
With this new inflow of capital, Oben Electrical goals to considerably improve its presence in India, increasing its geographical protection from the present ten cities to 50 by fiscal 12 months 2026 (April 2025 – March 2026). The corporate additionally plans to extend its variety of showrooms from greater than 20 to over 100 throughout this era.
Madhumita Agrawal, the Founder and CEO of Oben Electrical, commented on the event, indicating that the corporate might discover worldwide markets with the assistance of those funds. “This funding will gas our subsequent section of progress as we develop throughout India and set our sights on getting into strategic worldwide markets, in the end positioning Oben Electrical among the many prime international gamers within the electrical mobility area,” Agrawal acknowledged. In a dialog with The Occasions of India, she talked about that Oben Electrical is particularly rising markets corresponding to Nepal, Sri Lanka, nations in Africa, and international locations in Latin America for worldwide enlargement.
Along with increasing its retail presence, Oben Electrical intends to introduce new fashions with the current funding. Agrawal revealed plans to launch a mass-market electrical bike priced under the present entry-level mannequin, the Rorr EZ, which retails for 89,999 Indian rupees (roughly 1,000 euros).
The Rorr EZ comes with a selection of LFP battery packs with capacities of two.6 kWh, 3.4 kWh, and 4.4 kWh, offering ranges of 110 km, 140 km, and 175 km, respectively. All fashions are geared up with a 7.5 kW motor, enabling the electrical bike to speed up from 0 to 40 kph in simply 3.3 seconds and attain a prime pace of 95 kph.
For these in search of enhanced efficiency and larger vary, Oben Electrical additionally gives a mannequin named ‘Rorr’ at a value of 149,999 Indian rupees (roughly 1,750 euros). The Rorr options an 8 kW motor that permits it to speed up from 0 to 40 kph in 3.0 seconds and obtain a prime pace of 100 kph. A 4.4 kWh LFP battery pack powers this mannequin, offering a powerful vary of 187 km.
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