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Hero Electric logo — company profile

Hero Electric

Founded 1956 Series B Total: $3.80B Manufacturing

General Information

Company Name Hero Electric
Founded Year 1956
Founders / Decision Makers
Team member
Industries Manufacturing
Funding Stage Series B
Social

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About Hero Electric

Hero Electric is a long-standing player in the manufacturing industry. Established back in 1956 by Late Mr. Dayanand Munjal, the company has a rich history of providing mobility solutions to millions in India. From its roots in bicycles and motorcycles, the brand has diversified into various sectors, including healthcare, solidifying its position as a globally recognized and trusted name. In its latest funding round on 12 July 2021, Hero Electric secured a substantial INR2.20B Series B investment from prominent investors Gulf Islamic Investments LLC (GII) and OAKS Asset Management. This injection of capital not only demonstrates confidence in the company's vision but also provides the necessary resources to further innovate and expand its market presence. In conclusion, Hero Electric's rich legacy coupled with its recent substantial investment and diverse industry presence makes it a compelling prospect for venture capital firms looking to tap into the manufacturing and mobility sectors in India.

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series B INR2.20B 2
Gulf Islamic Investments LLC (GII), OAKS Asset Management
12 Jul 2021
Series A Undisclosed 1
Asas Capital
Asas Capital
20 Apr 2020
Venture Round INR1.60B 1
Alpha Capital
Alpha Capital
11 Dec 2018

Hero Electric Alternatives & Competitors

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Hero Electric vs
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FAQ About Hero Electric

In 1956, Late Mr. Dayanand Munjal established the foundation of Hero with a vision to provide mobility to millions across India. Over the subsequent years, the brand significantly expanded into various sectors such as Bicycles, Motorcycles, and Healthcare, ultimately becoming a globally recognized a...
Hero Electric was founded in 1956.
Hero Electric operates in Manufacturing.
Hero Electric has completed 3 funding rounds, raising a total of $3.80B. The latest funding stage is Series B.
Top alternatives and competitors to Hero Electric include Vasant Masala Official, BICC CABLES, JBM Group, Vacmet India Ltd, KLM LABORATORIES PVT. LTD.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Hero Electric and Vasant Masala Official are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Hero Electric, https://bouncewatch.com/company/hero-electric, updated 19 November 2024. When citing, please name BounceWatch and link this page.

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