E2W Startup Oben EV Raises $1.5 Million In Seed Funding Round

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Oben EV will launch its first made-in-India electric bike in March 2022, which will run for 200 km on a single charge and clocking a top speed of 100km/h

Delhi-based electric two-wheeler startup Oben EV said that it has raised USD 1.5 million in a seed funding round led by We Founder Circle.

The startup will utilise the funds to launch its product in the market, accelerate new product development, and expand experience centers.

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The seed round investment also saw participation from Rakesh Somani, co-founder of Life Element, Gaurav Juneja, serial investor, Eminent Cars, Siddharth Shah, managing director, Rajesh Motors, and other angels like Sumeet Pathak, Milan Modi, and veteran technologist Aloknath.

VK Singhvi, co-founder, We Founder Circle, said, “EV is at the early-adopter phase in India – and we all know that the real opportunity will be in electric two-wheelers. I believe in supporting clean-energy startups with innovations like OBEN EV that will create a positive impact on many aspects – like mass mobility, clean environment, and overall conservation of ecosystem.”

Founded by husband-wife Duo Madhumita Agarwal and Dinkar Agarwal alumni of IIT Kharagpur and IIM Bangalore, Oben EV will launch its first made-in-India electric bike in March 2022, which will run for 200 km on a single charge and clocking a top speed of 100km/h, the company said.

Madhumita Agarwal, co-founder, Oben EV, said, “We are very excited to raise the seed round as this fund will help us enter the market with the first completely homegrown and indigenously developed performance motorcycle and deliver our first set of vehicles to the customers in the next 6 months”.

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