Oben Electric Secures Rs 50 Cr Funding for Expansion
Electric bike maker Oben Electric raises Rs 50 crore in funding to expand its distribution network, enhance product offerings, and bolster Oben Care service centers across India.
New Delhi, Jan 7 (PTI) Electric bike manufacturer Oben Electric on Tuesday said it has raised Rs 50 crore in the latest funding round.
Various entities, including Ambis Holding US, Kuberan Ventures, Karimjee Group and other existing investors, participated in the round.
With this funding, the company aims to expand its existing distribution network to over 100 showrooms along with Oben Care service centres across 50 cities by FY26, Oben Electric said in a statement.
The company also plans to utilise the raised capital to expand its current product offerings, it added.
Various entities, including Ambis Holding US, Kuberan Ventures, Karimjee Group and other existing investors, participated in the round.
With this funding, the company aims to expand its existing distribution network to over 100 showrooms along with Oben Care service centres across 50 cities by FY26, Oben Electric said in a statement.
The company also plans to utilise the raised capital to expand its current product offerings, it added.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Billionbrains Garage
- 188.82 (+ 8.04)
- 77986429
- Vodafone Idea L
- 10.74 ( -1.83)
- 63105249
- Spright Agro
- 0.56 (+ 3.70)
- 52174708
- Sunshine Capital
- 0.27 (+ 3.85)
- 30062255
- MphasiS Ltd.
- 2,659.70 ( -1.10)
- 19196704
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback