Electric Scooter Maker Hero Electric Raises ₹2.2 Billion in Series B Funding

The funding will be used to expand production capacity and the firm’s footprint across markets like India

July 16, 2021

/ Harsh Shukla
/ Electric Vehicles, Grid
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Electric scooter manufacturer Hero Electric has announced that it has raised ₹2.2 billion (~$29.5 million) as the first part of its Series B funding. Gulf Islamic Investments (GII) and Hero Electric’s existing investor OAKS Asset Management (OAKS) (formerly Alpha Capital) led the funding round.

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Harsh Shukla

More articles from Harsh Shukla.
Electric VehiclesFundingGIIHero ElectricOAKS
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