About Hero Electric
Hero Electric is a company based in Gurugram (India) founded in 2007 by Vijay Munjal. Hero Electric has raised $129.6 million across 9 funding rounds from investors including SunPower, Klub and Foodlink. The company has 342 employees as of December 31, 2024. Hero Electric operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, River and BGauss, among others.
- Headquarter Gurugram, India
- Employees 342 as on 31 Dec, 2024
- Founders Vijay Munjal
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
Locked
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Website
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Social
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- Legal Name Hero Electric Vehicles Private Limited
- Date of Incorporation 31 Jul, 2010
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$119.45 M (USD)16.55as on Mar 31, 2023
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Net Profit
-$14.02 M (USD)-289.19as on Mar 31, 2023
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EBITDA
-$14.98 M (USD)-297.46as on Mar 31, 2023
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Total Equity Funding
$129.6 M (USD)
in 9 rounds
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Latest Funding Round
$26.62 M (USD), Series B
Jun 22, 2023
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Investors
SunPower
& 55 more
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Employee Count
342
as on Dec 31, 2024
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Funding Insights of Hero Electric
Hero Electric has successfully raised a total of $129.6M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $26.62 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Hero Electric
Hero Electric has secured backing from 56 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SunPower, Klub and Foodlink.
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Private equity firm focused on multiple sectors
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Investments in multiple sectors are pursued through PE and VC.
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Diversified asset management services are provided by OAKS.
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Investor details for Hero Electric
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Investments & Acquisitions by Hero Electric
Investment portfolio details for Hero Electric
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Financial Statements - Hero Electric
Detailed financials for Hero Electric
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Hero Electric Comparisons
Peer comparison for Hero Electric
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Hero Electric
Hero Electric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ola Electric, Ather Energy, Gogoro, River and BGauss, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electric scooters and motorcycles are manufactured with related accessories.
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Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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Electric scooters are developed and battery swapping networks are operated.
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Electric scooters are designed and produced for urban mobility.
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Retailer of electric scooters offering test rides, maintenance, and financing
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Detailed competitors of Hero Electric
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Hero Electric
Complete news archive for Hero Electric
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Frequently Asked Questions about Hero Electric
Hero Electric was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Hero Electric is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sohinder Singh Gill is the current CEO of Hero Electric.
Hero Electric is a funded company, having raised a total of $129.6M across 9 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Hero Electric is 342.
Annual revenue of Hero Electric is $119.45M as on Mar 31, 2023.
Hero Electric was founded in 2007 and is based in Gurugram, India. Operations are centered in the electric vehicle sector, where zero-emission two-wheelers are developed for efficient urban transportation. The full production process is managed, encompassing component design, assembly, and manufacturing of mobility solutions. Focus is placed on sustainable alternatives to traditional vehicles in the Indian market.
Hero Electric's top competitors include Ather Energy, Ola Electric and BGauss.
Hero Electric has 56 investors. Key investors include SunPower, Klub, Foodlink, SunPower, and SLK Software.
The valuation of Hero Electric is $198.93M as of Jun 2023.