Hero Electric
PrivateLast Round
Series B
Extension
Jul 31, 2023
Total Funding Raised
$63.7M
Company Overview
Hero Electric is a pioneer and a leading manufacturer in the Indian electric two-wheeler market. The company designs, manufactures, and sells a range of electric scooters and mobility solutions aimed at providing an environmentally friendly and cost-effective mode of transportation. It operates under the Hero Eco Group and is a distinct entity from Hero MotoCorp. The company has a manufacturing facility in Ludhiana and a wide dealership network across India. It has raised significant funding through multiple rounds to support its growth and production.
Sector
Mobility, Transportation & Logistics
Verticals
Electric Vehicles, Micro-Mobility, Last-Mile Delivery, Clean Transportation, Fleet Management
Business Model
B2C
Customer Profile
Hardware Sales, Hardware + Subscription, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Hero Electric Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Hero Electric Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B Extension | Jul 31, 2023 | ||||
| Corporate Funding | Apr 30, 2023 | ||||
| Series B | Jul 11, 2021 | ||||
| Series A | Dec 11, 2018 |
Hero Electric Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Alpha Capital Advisors | Series A |
| OAKS | Series B, Series B Extension |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 28, 2025
New electric vehicle concepts will be unveiled at EICMA 2025.
- Oct 28, 2025
Will attend EICMA 2025, a major automotive exhibition.
Hero Electric Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Hero Electric's valuation, stock price, and market status.