Amount Raised
₹400 Million
Round Type
Pre-Series A
BengaluruCommerce and ShoppingHardwareFood and BeverageTransportationAutomotiveDescription
EV startup Oben Electric on Tuesday said it has raised Rs 40 crore in an extended pre-series A round and also announced it will start delivering its electric motorcycle Rorr to customers in Bengaluru from next month. The company has so far secured a total funding of Rs 88 crore, including Rs 72 crore (both in equity and debt) in the pre-Series A round, Oben said in a statement. The capital infusion will help the company in scaling up its production capacity at the Bengaluru facility to 100,000 units per year as well as meet the working capital requirements for distribution expansion, it said. The Bengaluru-based EV startup which has a distribution network across major cities in the country, plans to meet the demand of 21,000 pre-orders by scaling up its manufacturing capacity, the company said
Quick answer
Oben Electric raised ₹400 Million in a Pre-Series A round, dated June 27, 2023. Oben Electric is based in Bengaluru, Karnataka, India.
- How much did Oben Electric raise?
- Oben Electric raised ₹400 Million in a Pre-Series A round on June 27, 2023.
- What does Oben Electric do?
- Oben Electric is an electric motorcycle start-up, founded in Aug 2020 by IIT & IIM alumni, and is headquartered in Bengaluru.
- Where is Oben Electric based and how big is it?
- Oben Electric is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Oben Electric?
- Fundz holds 1 contact at Oben Electric. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Commerce and Shopping and Hardware around the same time
Companies in the same sectors as Oben Electric that raised within 45 days of this round, from Fundz verified event records.
- Uber Technologies raised $2M (Seed) on June 14, 2023.
- Catalina Crunch raised $3M (Seed) on August 4, 2023.
- Carvolution raised $28M (Funding Round) on July 26, 2023.
- HoloMatic raised $42M (Series C) on July 18, 2023.
- Grown Rogue International raised $4M (Seed) on July 13, 2023.
- CADDi raised $89M (Series C) on July 5, 2023.
Who to call at Oben Electric, and when
A new round usually means Oben Electric is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Oben Electric raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Oben Electric, from your own LinkedIn network
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Oben Electric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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