Electric mobility startup Oben Electric raised $4 million in Pre-Series A led by US India EV Angels LLC where Dholakia Ventures and existing investor We Founder Circle also participated.
The funding will assist the startup in meeting existing orders, increasing production capacity, and expanding its distribution network. The company claims a healthy order book for its first electric motorcycle RORR, which is comparable to a 150cc ICE motorcycle, from both India and export markets. Deliveries are set to begin in the first quarter of 2023.
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Electric mobility startup Oben Electric raised $4 million in Pre-Series A led by US India EV Angels LLC where Dholakia Ventures and existing investor We Founder Circle also participated.
The funding will assist the startup in meeting existing orders, increasing production capacity, and expanding its distribution network. The company claims a healthy order book for its first electric motorcycle RORR, which is comparable to a 150cc ICE motorcycle, from both India and export markets. Deliveries are set to begin in the first quarter of 2023.
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.
