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3 hours ago

Oben Electric Plans ₹300 Crore EV Expansion Raise

Oben Electric plans to raise around ₹300 crore by FY27 to accelerate its electric motorcycle expansion in India. The funds will support new product development, scale its dealer network to over 350 outlets, and strengthen after-sales services. The company aims to triple sales to about 12,000 units annually while targeting a niche in India’s growing motorcycle EV segment, which remains underpenetrated compared to scooters.

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