Oben Electric to roll out new product every 6 months

PTI, Feb 4, 2022, 12:44 PM IST

Chennai: Electric mobility startup, Oben Electric on Thursday said it has planned to roll out a new product every six months over the next two years. The company on Thursday marked its entry into the electric 2-wheeler segment with the first product — a high-performance motorcycle — all set to hit the road in Q 1 of 2022.

With four vehicles in the pipeline, the company intends to launch a new product every six months over the next two years, the Bengaluru-based EV startup said.

The company’s Co-Founder Dinakar Agrawal said, “We have raised a total of USD 2.5 million through VC funding, which is the highest seed rounds raised by an E2W startup.”

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“Over the next few years, we intend to be a global player with our specialized products”, he told reporters.

Oben Electric Co-founder Madhumita Agrawal said, “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 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,” she added.