About Hero Lectro
Hero Lectro is a company based in Gurugram (India) founded in 2020. It operates as a B2C, and D2C. The company has 96 employees as of March 31, 2023. Hero Lectro offers products and services including E-Cycles, Cargo E-Bikes, and Accessories. Hero Lectro operates in a competitive market with competitors including EMotorad, eBik, Hornback, VAAN and GHM, among others.
- Headquarter Gurugram, India
- Employees 96 as on 31 Mar, 2023
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Lectro E-Mobility Private Limited
- Date of Incorporation 25 May, 2017
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$4.05 K (USD)-20.15as on Mar 31, 2023
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Net Profit
$-15.16 K (USD)-0.08as on Mar 31, 2023
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EBITDA
$-13.93 K (USD)-39.03as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
96
as on Mar 31, 2023
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Products & Services of Hero Lectro
Hero Lectro offers a comprehensive portfolio of products and services, including E-Cycles, Cargo E-Bikes, and Accessories. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Battery-assisted bikes for efficient urban commuting.
E-bikes designed for carrying loads and daily use.
Items to enhance e-cycle functionality and safety.
Funding Insights of Hero Lectro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Hero Lectro
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hero Lectro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hero Lectro Comparisons
Competitors of Hero Lectro
Hero Lectro 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 EMotorad, eBik, Hornback, VAAN and GHM, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric bicycles and e-bikes are offered via an online platform.
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| domain | founded_year | HQ Location |
Electric bicycles are manufactured with features for pedal-assisted riding.
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| domain | founded_year | HQ Location |
Foldable electric bicycles are provided by Hornback platform.
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| domain | founded_year | HQ Location |
Electric bicycles with removable batteries are manufactured by VAAN.
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| domain | founded_year | HQ Location |
Electric bicycles are designed, manufactured, and sold by GHM.
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| domain | founded_year | HQ Location |
Electric bicycles and vehicles are manufactured in Mumbai, India.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hero Lectro
Frequently Asked Questions about Hero Lectro
When was Hero Lectro founded?
Hero Lectro was founded in 2020.
Where is Hero Lectro located?
Hero Lectro is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
How many employees does Hero Lectro have?
As of Mar 31, 2023, the latest employee count at Hero Lectro is 96.
What is the annual revenue of Hero Lectro?
Annual revenue of Hero Lectro is $4.05K as on Mar 31, 2023.
What does Hero Lectro do?
Hero Lectro, a division of Firefox Bikes Pvt. Ltd, designs and sells electric cycles including e-bikes and cargo variants with various riding modes like pedelec and throttle. Based in Gurugram, India, they facilitate online bookings, test rides, and store visits. The company targets individual consumers for urban commuting and eco-friendly travel, emphasizing ease of use and maintenance.
Who are the top competitors of Hero Lectro?
What products or services does Hero Lectro offer?
Hero Lectro offers E-Cycles, Cargo E-Bikes, and Accessories.