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vishakha Jangir
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Set2Scoreย โขย 2m
๐ข๐ฏ๐ฒ๐ป ๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐ต๐ฎ๐ ๐ฐ๐น๐ผ๐๐ฒ๐ฑ ๐ถ๐๐ ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐ ๐ funding round at โน100 crore, doubling from the โน50 crore raised earlier in the year. The total funding raised by the company now stands at โน200 crore. The round saw participation from both existing and new investors, indicating strong investor confidence. The company manufactures key components in-house, including LFP batteries, motors, vehicle control units (VCUs), and home chargers. Oben Electric achieves around 99% localization in its manufacturing process. The company currently has 37 retail outlets across 26 cities in 13 states in India. It plans to expand to more than 150 showrooms across over 50 cities by the end of FY26. Oben is also working on strengthening its after-sales support network across India. A new electric motorcycle platform, O100, is under development with a target price under โน1 lakh to serve the mass-market segment. The existing models, Rorr and Rorr EZ, have been well-received for their performance and suitability for daily urban commuting. Rorr EZ offers a top speed of 95 km/h, a range of about 175 km, and accelerates from 0โ40 km/h in 3.3 seconds. The companyโs manufacturing facility in Bengaluru has a production capacity of 100,000 units per year. A Series B funding round of approximately โน250 crore is being planned for later in 2025 to support global expansion and new product lines. Customer feedback has been largely positive, with praise for smooth acceleration, practical range, and overall performance. Minor suggestions for improvement include better suspension tuning and app interface refinements. Oben Electric is positioning itself as a competitive player in Indiaโs electric two-wheeler market through vertical integration, affordability, and wide distribution. Follow me vishakha Jangir for more such business insights.
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