Hero Electric Vehicles Pvt.
Latest round
- Series B
Last raised
- Jul 2021
Total raised
- $30M
Investors
- 4
About Hero Electric Vehicles Pvt.
Hero Electric Vehicles Pvt.Founded in 1956, Hero Electric Vehicles Pvt. Ltd. designs and produces electric two-wheelers aimed at environmentally conscious consumers. The company has undergone strategic shifts to enhance its product offerings and market reach. Headquartered in Gurugram, India, it was established by a team committed to innovative transportation solutions.Hero Electric specializes in designing and manufacturing electric two-wheelers, primarily targeting urban commuters and environmentally conscious consumers. Their product line includes a variety of electric scooters and bikes that emphasize energy efficiency and low operational costs. Equipped with advanced battery technology, these vehicles significantly reduce carbon emissions compared to traditional fuel-powered options.Hero Electric generates revenue through direct sales of its electric scooters and bikes to consumers and businesses, in addition to partnerships with retailers and wholesalers. The company operates a direct-to-consumer sales model, enabling purchases through authorized dealerships or directly from its outlets. Pricing is structured to accommodate various budgets, ensuring accessibility for individual consumers and fleet operators. Ltd.00 mn, the company plans to utilize this capital to expand its production capacity, invest in new technologies, and grow its footprint in India and similar markets. Upcoming initiatives include the design and launch of new electric vehicle models slated for the next year, along with targeted expansions into additional geographic regions, enhancing their market presence and supporting the shift towards sustainable transportation.
Who invested in Hero Electric Vehicles Pvt.
4 investors across 1 round
See all investors in Hero Electric Vehicles Pvt.
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series B
Jul 8, 2021
Amount
$30M
Investors
Questions about Hero Electric Vehicles Pvt.
Who invested in Hero Electric Vehicles Pvt.?
Hero Electric Vehicles Pvt. has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hero Electric Vehicles Pvt. raised?
Hero Electric Vehicles Pvt. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Hero Electric Vehicles Pvt. last raise money?
Hero Electric Vehicles Pvt.'s most recent round on record is a Series B, in Jul 2021.
What does Hero Electric Vehicles Pvt. do?
Hero Electric Vehicles Pvt. is a automobiles, other vehicles & parts company.
Where is Hero Electric Vehicles Pvt. headquartered?
Hero Electric Vehicles Pvt. is headquartered in Gurugram, India.
Which VCs invest in companies like Hero Electric Vehicles Pvt.?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back automobiles, other vehicles & parts companies at Hero Electric Vehicles Pvt.'s stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series B
Raising like Hero Electric Vehicles Pvt.? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.