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Founder

Naveen Munjal

Hero Electric

Company raising growth capital to help sustain its market leadership position
Status: Current Investment

Hero Electric is the pioneer and the market leader in the Indian Electric 2-wheeler industry.

With a brand name trusted over decades, “Hero” is the largest selling 2-wheeler brand in the world by unit volumes. With electric vehicles contributing less than 1% to overall vehicle sales, Hero Electric sees a tremendous scope for growth with many large automobile incumbents and new players now entering the space.

India is the largest 2-wheeler market in the world with over 20 million new 2-wheelers sold annually. With significant policy tailwinds by GOI to tackle pollution / oil imports and new age technology helping commercialize EV industry – Hero Electric is set to witness a bright way forward.