Oben EV Startup to Launch Performance Electric Bike in March 2022′
Oben EV has secured $1.5 million in a seed round led by We Founder Circle and other investors. Madhumita and Dinkar Agarwal, IIT Kharagpur and IIM Bangalore alumni, created the electric vehicle startup. We Founder Circle, Rakesh Somani, Co-founder of Life Element, Gaurav Juneja – Serial investor, Eminent Cars, Siddharth Shah, Managing Director, Rajesh Motors, and other important angels like Sumeet Pathak, Dr. Milan Modi, veteran technologist Dr. Aloknath participated in the seed round investment.
Oben EV wants to launch its first electric bike made in India, which will travel 200 kilometers on a single charge and reach a top speed of 100 km/h. It’s being billed as the industry’s first entirely made in India electric bike by a domestic brand. In addition, the company is creating new electric two-wheelers in-house, using components produced in-house to ensure high-quality goods. Oben EV wants to use the freshly generated cash to put their product in the market, expedite new product development, and expand experience centers as part of its growth strategy.
“EV is at the cusp of the early-adopter phase in India – and we all know that the big opportunity will be in electric two-wheelers,” Gaurav VK Singhvi, Co-Founder, We Founder Circle, said of the investment. I believe in helping clean-energy start-ups with innovations like OBEN EV, which will have a good influence on a variety of factors, including mass mobility, environmental protection, and overall ecosystem conservation. What we require right now is a smooth transition to electric vehicles. Oben EV will be one of those start-ups that will set the bar for the Indian EV industry to rise to its full potential.
“We are very excited to raise the seed round because this fund will enable us to enter the market with the first completely homegrown and indigenously developed performance motorcycle and deliver our first set of vehicles to customers in the next six months,” says Madhumita Agarwal, Oben EV’s co-founder.
Follow Startup Story
Related Posts
