2007
Gurugram (India)
Series B
Hero Electric is a leading manufacturer of electric two-wheelers in India, recognized for its commitment to sustainable transportation solutions. Here are the key details about the company:
Hero Electric specializes in a wide range of electric scooters designed for various customer needs. Some of their notable models include:
Optima CX5.0
Optima CX2.0
NYX HX (Dual Battery)
The company has sold over 500,000 electric two-wheelers, making it one of the oldest and largest players in the Indian electric two-wheeler market.
Hero Electric operates a manufacturing facility in Ludhiana, Punjab, where it produces its electric scooters. The company has established an extensive distribution network with over 850 sales and service outlets across India, along with a growing charging infrastructure.
Hero Electric has been at the forefront of introducing innovative solutions in the EV sector:
It was one of the first companies to launch lithium-ion battery-based electric scooters in India.
The company has developed a unique concept of charging stations to facilitate easy access to charging for users.
Hero Electric is recognized as India's first and largest manufacturer of electric two-wheelers, trusted by a wide customer base. The company continues to play a crucial role in promoting electric mobility and sustainable travel solutions across the country.
In recent years, Hero Electric has focused on expanding its product range and enhancing its market presence through strategic partnerships and collaborations aimed at driving EV adoption.
In summary, Hero Electric is a pioneer in the Indian electric two-wheeler industry, dedicated to providing eco-friendly transportation solutions while contributing to the growth of the electric vehicle market in India.
$130Million
9
$26.6M, Series B
as of June 22, 2023
$199 million
as of N/A
102.27
as of N/A
Vocean
and 2 more844
Baaz
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
June 22, 2023 | Series B | $26.6M | $199.0M | Wafi Investment, Heroecotech, Vocean | ||
July 8, 2021 | Series B | $30.1M | $167.0M | $66.3M | - | Camil Investments Vocean |
January 27, 2021 | Series A | $668.0K | $98.7M | $41.6M | 2.3x | Innovative Quest |