Oben Electric Secures Rs 85 Cr Pre-Series B for Expansion, New Products

• Bengaluru-based Oben Electric raised Rs 85 crore in a pre-Series B round from Indian-American family offices and existing investors.
• Total funding now stands at Rs 285 crore, earmarked for national retail expansion and accelerating product development.
• The company aims for 150 exclusive showrooms by March 2026, Rs 100 crore revenue in FY26, and COGS break-even by March 2026.
• Oben Electric manufactures key EV components in-house, ensuring high vertical integration and visibility on profitability.

Why It Matters: Oben Electric secures Rs 85 crore to fuel aggressive retail expansion and product development plans.