Electric vehicle (EV) start-up Oben has raised $1.5 million in a seed round from We Founder Circle and other investors.
Founded by husband-wife duo, and IIT Kharagpur and IIM Bangalore alumni, Madhumita Agarwal and Dinkar Agarwal, the company is developing electric 2-wheelers in-house with indigenously developed components.
The EV start-up said its electric bike runs for 200 kilometres on a single charge and clocks a top speed of 100 kmph. The company claims that it is the first to develop an electric bike that is 100 percent made-in-India. Oben plans to utilise the newly raised funds to launch its product in the market, accelerate new product development, and expand experience centres.
