Hero Electric
PrivateLast Round
Series B
Extension
Jul 31, 2023
Total Funding Raised
$63.7M
Company Overview
Hero Electric operates in Mobility, Transportation & Logistics and is based in Haryana. Its latest recorded funding round was a Series B Extension round in July 2023.
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, Clean Transportation, Last-Mile Delivery, Fleet Management, EV Charging
Business Model
B2C
Customer Profile
Hardware Sales, Hardware + Subscription, Services & Consulting
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Hero Electric Comparables
Compare Hero Electric with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Okinawa Autotech Pvt. Ltd. | 93% | |
| PUR Energy Limited | 88% | |
| Okaya EV | 87% |
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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 |
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Hero Electric Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| GII | Series B |
| 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.
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Recent news
Latest coverage and updates
- has_issues_withOct 15, 2026
Hero Electric is investigated in India for alleged violations of localization requirements under the Phased Manufacturing Programme as part of the FAME-II subsidy controversy.
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Hero Electric Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Hero Electric's valuation, stock price, and market status.
Is Hero Electric a public or private company?
Hero Electric is a private company.
What is the current stock price of Hero Electric?
Hero Electric is a private company, so its shares have no public market price. Caplight tracks Hero Electric's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Hero Electric worth (valuation)?
Valuation information for Hero Electric is not publicly available.
Can I buy Hero Electric stock?
Hero Electric shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Hero Electric's last funding round?
Hero Electric's most recent funding round was Series B Extension on July 31, 2023.
Who are the main investors in Hero Electric?
Key investors in Hero Electric include GII, Alpha Capital Advisors.
Will Hero Electric IPO soon?
No public IPO plans have been announced for Hero Electric.
How can I track Hero Electric secondary market activity?
Caplight tracks bids, offers, and trades in Hero Electric's shares on secondary markets.