Oben Electric hits Rs.150 Cr Valuation With Latest Funding Round

Marking a new high for India’s burgeoning electric vehicle (EV) sector, Oben Electric, a homegrown electric vehicle manufacturer, has successfully secured ₹50 crore in its Series A funding round. Key investors include Ambis Holding US, Kuberan Ventures, Karimjee Group from Africa, Mission Vertical (US-based VC), Sanjeev Saraf (Polyplex) Family Office, and Pravek Kalp Family Office. With this latest round, the company’s total equity capital raised now stands at ₹150 crore.

This funding marks a critical milestone for Oben Electric as it sets ambitious growth plans. The company aims to scale its distribution network to over 100 showrooms and establish Oben Care service centers in 50 cities by FY26, further strengthening its presence in the domestic market. Additionally, the funds will support an expansion of its product portfolio, catering to a broader audience in the evolving EV space.

Speaking on the achievement, Madhumita Agrawal, Founder & CEO, Oben Electric, said, “We are thrilled to close this Series A funding round, marking a pivotal moment in our journey to build a global EV powerhouse. This funding will fuel our next phase of growth as we expand across India and set our sights on entering strategic international markets, ultimately positioning Oben Electric among the top global players in the electric mobility space.”

With advanced LFP battery technology and vertically integrated operations, Oben Electric is poised to lead the charge in India’s growing electric mobility ecosystem.