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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Oben Electric raises Rs 50 crore; total Series A funding hits Rs 100 crore


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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