- Focuses on sustainable world-class electric mobility solutions, Made-in-India
Chennai, February 03, 2022: Oben Electric, one of India’s most awaited E2W (electric two-wheeler) start-up focussing on building indigenous products for India & global markets, announced its entry into the electric 2-wheeler segment with upcoming launches of their products. With 4 vehicles in the pipeline, the company intends to launch a new product every 6 months over the next 2 years.
Oben Electric’s first high performance electric motorcycle is all set for its market launch in Q1 of 2022. Oben Electric’s in-house capability to design, develop and manufacture E2Ws enables it to deliver high performing and reliable, products. This capability is fuelled by hands-on expertise, of the team having prior experience in successfully designing, developing, manufacturing and selling E2Ws. With such experience at hand and focus on R&D, Oben Electric has been successful in creating their first product, an electric motorcycle with superior specs and a world-class design. Founders, Madhumita and Dinkar Agrawal, bring with them experience of over 6 years in the Electric Vehicle Domain. Oben’s core team also consists of passionate team members with hands-on 6+ years of experience all along the E2W life cycle.
Mr. Dinkar Agrawal, Co-Founder, Oben Electric, said, “We have raised a total of $2.5 million through VC funding, which is the highest seed round raised by an E2W startup. This helps us innovate with a focus on consumer safety and delight. Our aim is to enable Indian consumers to make the shift from ICE to EV. Over the next few years, we intend to be a global player with our specialized products.”
“Oben Electric is geared-up with multi-level testing, durability, safety & connectivity to address a white space in the segment,” said, Ms. Madhumita Agrawal, Co-Founder, Oben Electric. “We have brought together a core team of experts who specialize in every aspect of the E2W life cycle. This has enabled us to go beyond assembling of vehicles to truly creating a product from scratch for the Indian consumer. We have researched pain-points consumer’s face, while riding or purchasing E2Ws and have created solutions accordingly. We are excited to reach the launch phase of our journey and are confident that our first product will be well received by the Indian consumer”, added Ms. Agrawal.
Oben Electric, backed by We Founders Circle, recently received fresh funding from Mr. Krishna Bhupal, Board Member GVK Power & Infra, Mr. Shajikumar Devakar, Executive Director IIFL Wealth, & other investors. The start-up has now been oversubscribed 3x times making it one of the largest seed rounds raised by an E2W startup. With deep IP and a patent portfolio of 18 patents, Oben Electric represents the future consumers need, today.
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