Latest news with #HeliosHoldings
NDTV
10 hours ago
- Automotive
- NDTV
Oben Electric Secures Rs. 50 Crore In Extended Series A Round
Oben Electric, the Bengaluru-based electric motorcycle startup, has raised Rs. 50 crore in fresh capital as part of an extended Series A round concluded in May 2025. This follows the initial Rs. 50 crore raised in January this year, bringing the company's total Series A funding to Rs. 100 crore and overall funding to Rs. 200 crore. The latest round saw participation from a mix of new and existing investors, including Helios Holdings, the Sharda family office, the Kay family, and several other strategic backers. The continued investor interest underscores strong confidence in Oben Electric's product performance, financial metrics, and its emerging leadership in India's electric motorcycle segment. The company plans to utilise the fresh capital to accelerate its retail expansion to over 150 showrooms across 50+ cities by the end of FY26. A significant portion of the funds will also be directed towards fast-tracking development of its upcoming 'O100' platform, which will underpin a new range of electric motorcycles priced under Rs. 1 lakh - targeting the mass market segment. Additionally, Oben will scale up its manufacturing operations at its Bengaluru facility and invest further in strengthening its after-sales service infrastructure. Following its initial Series A raise earlier this year, Oben Electric swiftly expanded its footprint to 37 outlets across 26 cities in 13 states, including key markets such as Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha. This rapid expansion highlights both robust consumer demand and Oben's strong execution capability. Looking ahead, the company is preparing for a Series B funding round aimed at raising $30 million later in 2025. The upcoming round will support Oben Electric's international foray and further scaling of its production and product portfolio.
Time of India
15 hours ago
- Automotive
- Time of India
Oben Electric bags ₹100 crore in Series A funding
Oben Electric , homegrown electric motorcycle manufacturer , has announced the completion of its Series A funding round with a total raise of ₹100 crore. In January 2025, it secured ₹50 crore, followed by additional ₹50 crore in May 2025, taking the total Series A funding to ₹100 crore and overall funding to ₹200 crore. The round saw participation from both new and existing investors, including Helios Holdings, the Sharda family office, the Kay family, and others. The company stated that the new funds would be used to scale manufacturing capacity, expand its presence to over 150 showrooms across more than 50 cities by FY26, and support development of a new product platform named 'O100' targeting motorcycles under ₹1 lakh. Madhumita Agrawal, Founder & CEO of Oben Electric, said: 'The extended Series A funding is a strong vote of confidence from our investors and comes at a time when our momentum is accelerating nationwide. We're expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratize electric motorcycles for the mass market. Backed by full vertical integration and a resilient supply chain, this funding prepares us for a new phase of scale, impact, and growth opportunities.' Following the initial Series A raise, Oben Electric rapidly scaled with 37 retail outlets across 26 cities in 13 states, entering key markets like Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh, and Odisha. Oben Electric designs and manufactures both electric motorcycles and their critical components, including Lithium Iron Phosphate (LFP) batteries, motors, vehicle control units, and home fast chargers. The Bengaluru-headquartered firm's current lineup includes the Oben Rorr and Rorr EZ. It is also planning a $30 million Series B funding round later in 2025 to support international expansion and further product development.
Time of India
16 hours ago
- Automotive
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like De plus en plus de seniors découvrent ce nouveau spray pour les oreilles Arrêter la perte d'audition Undo It also said that part of the funds will also be deployed for scaling up the Bengaluru manufacturing facility and strengthening the after-sales service network across markets. The latest round saw participation from new and existing investors including Helios Holdings, Sharda family office, Kay family and other new and existing investors, it said. Live Events "We're expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratize electric motorcycles for the mass market," said Madhumita Agrawal, Founder and CEO of Oben Electric. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Backed by full-vertical integration and a resilient supply chain, this funding prepares the company for a new phase of scale, impact, and growth opportunities, she added. Oben Electric has so far seen a total capital infusion of Rs 200 crore, it added. Following the initial Series A fundraise, Oben Electric said it rapidly scaled with 37 retail outlets across 26 cities in 13 states, entering key markets like Punjab, Gujarat, MP, UP, Telangana, Chhattisgarh, and Odisha.
