Funding
Oben Electric raises Rs 50 crore; total Series A funding hits Rs 100 crore
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Electric motorcycle maker Oben Electric on Wednesday said it has raised an additional Rs 50-crore in an extended Series A funding round.
With the latest round, the company said it has raised a total of Rs 100 crore in Series A funding.
This latest capital infusion will help the company in continuing with growth and accelerate expansion of distribution network to over 150 showrooms across over 50 cities by FY26, besides fast-tracking product development of the company’s new ‘O100’ platform for an under Rs 1-lakh, the company said.
It also said that…
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