Bengaluru EV maker Oben Electric bags Rs 50 Cr in Series A funding to expand operations

Quick Summary:

Oben Electric will use the funds to expand its distribution network to over 100 showrooms across 50 cities in India by the end of FY26.

"We are very excited about the large and quickly growing total addressable market for Oben's e-motorcycles. Our deep dive into the industry convinced us that this management team has built an excellent intellectual property portfolio, efficient manufacturing, and brought in strong talent to execute their go-to-market strategy," said Jeff Mamera, Founder and General Partner at Mission Vertical Capital.

At present, it is operational in 10 cities with over 20 showrooms.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Startup Privacy Showrooms Policy Cities Rorr Oben Funding Series Expand Electric

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 05:54:03 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 327 words

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Sentences: 18 lines

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News ID: 24953240

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