EV start-up raises fund to expand biz

Oben Electric, 2-wheeler EV Startup has raised an additional $1 million in funding from Krishna Bhupal, Board Member GVK Power & Infra, Shajikumar Devakar, ED IIFL Wealth & other investors.

migrator

Published:26th Jan, 2022 at 4:01 AM

Chennai

Oben Electric, 2-wheeler EV Startup has raised an additional $1 million in funding from Krishna Bhupal, Board Member GVK Power & Infra, Shajikumar Devakar, ED IIFL Wealth & other investors. Having received $1.5 million in Dec 2021 led by We Founders Circle (WFC), the start-up has now been oversubscribed 3x times making it one of the largest seed rounds raised by an electric 2-wheeler startup. Oben Electric will use the capital raised to expand their business capacity, setup a bigger manufacturing infrastructure, accelerate new product development, expand experience centres, and strengthen their distribution plans, as the foundation to create the platform for the coming period to create value for the business in the ecosystem.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

EV start-up raises fund to expand biz

Oben Electric, 2-wheeler EV Startup has raised an additional $1 million in funding from Krishna Bhupal, Board Member GVK Power &amp; Infra, Shajikumar Devakar, ED IIFL Wealth &amp; other investors.

Also Read

Initial probe suggests cough syrup scam has Samajwadi Party links: Adityanath

IIT-M, Google launch AI capacity-building programme for govt officials

BJP defends VB- G RAM G overhaul, says new Bill aims at Viksit Bharat

Demand for old pension scheme: GoM to hold crucial meet on Monday

No more Pit Bulls, Rottweilers in Chennai from Dec 20

Oben Electric, 2-wheeler EV Startup has raised an additional $1 million in funding from Krishna Bhupal, Board Member GVK Power & Infra, Shajikumar Devakar, ED IIFL Wealth & other investors.