Oben Electric founders Madhumita Agrawal, Dinkar Agrawal, and Sagar Thakkar standing proudly with their electric motorcycles at their Bengaluru manufacturing facility
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Indian Startup Oben Electric Grows from Garage to ₹150 Crore Success Story

BS
BrightWire Staff
3 min read
#electric vehicles #indian startups #women entrepreneurs #sustainable mobility #manufacturing success #bengaluru innovation #electric motorcycles

What started in a small garage in 2020 has blossomed into a nationwide electric mobility success, with Oben Electric becoming the first featured success story on Zee TV's IdeaBaaz. The inspiring journey showcases how three determined founders transformed their vision into over 100 showrooms across 80 Indian cities.

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In a heartwarming celebration of entrepreneurial spirit, Oben Electric has captured national attention as the first success story featured on IdeaBaaz, Zee TV's reality show dedicated to showcasing startup achievements. The recognition shines a spotlight on an incredible journey that began in humble circumstances and has grown into a thriving nationwide business.

Founded in 2020 by the dynamic trio of Madhumita Agrawal, Dinkar Agrawal, and Sagar Thakkar, Oben Electric started with a simple dream and a small garage workspace. Today, the company stands as a testament to what dedication, technical expertise, and long-term thinking can accomplish in India's rapidly evolving electric vehicle landscape.

The founding team brought together a powerful combination of entrepreneurial experience and deep technical knowledge of electric vehicles. Madhumita Agrawal serves as Founder and CEO, while Dinkar Agrawal brings his expertise as Founder, CTO, and COO. Co-founder Sagar Thakkar rounds out the leadership as CPO. Together, they've built something truly special: a company that designs and manufactures electric motorcycles entirely at their Bengaluru facility, maintaining complete control over quality and innovation.

What makes Oben Electric's story particularly inspiring is their commitment to building a sustainable, safety-focused product. The company has embraced lithium iron phosphate battery technology for their electric two-wheelers, prioritizing safety, durability, and reliability for everyday urban commuters. This thoughtful approach demonstrates that success and responsibility can go hand in hand.

Indian Startup Oben Electric Grows from Garage to ₹150 Crore Success Story

The company's product lineup, including the Rorr, Rorr EZ, and Rorr EZ Sigma electric motorcycles, has resonated with customers across India. Their expansion tells an impressive story: from that initial garage to over 100 showrooms spanning more than 80 cities across 18 states. Even more exciting, the company plans to reach 150 exclusive showrooms and service centers by March 2026.

The Ripple Effect: Oben Electric's success radiates far beyond financial metrics and showroom numbers. The company has raised ₹285 crore and currently generates approximately ₹150 crore in annual recurring revenue, but their impact extends much deeper into India's economic and environmental landscape. By manufacturing locally in Bengaluru, they're creating quality jobs and building technical expertise within India. Their focus on electric mobility contributes to cleaner air in urban centers, helping cities become more livable for millions of residents. As a woman-led startup in the traditionally male-dominated automotive sector, Madhumita Agrawal's leadership role inspires countless aspiring female entrepreneurs across the country.

Reflecting on the achievement, Madhumita Agrawal emphasized that their success stems from long-term thinking, strong engineering foundations, and disciplined execution. Her words remind us that meaningful success rarely happens overnight but requires sustained effort and commitment.

Jeet Wagh, Co-founder of IdeaBaaz, praised Oben Electric for standing out among many worthy candidates. He highlighted their remarkable transition from product engineering to manufacturing ownership and nationwide expansion, all supported by in-house EV technology and battery systems. The recognition validates not just what the company has achieved, but how they've achieved it: with integrity, innovation, and a clear vision for India's electric future.

This success story reminds us that with the right combination of vision, teamwork, and persistence, transformative change is possible, even in capital-intensive industries like automotive manufacturing.

Based on reporting by Google News - Startup Success

This story was written by BrightWire based on verified news reports.

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