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Hero Electric

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Electric Scooter, Electric Bikes & Two Wheelers in India

Gurugram, IndiaFounded 1993Transportation

Valuation $100–250M Last recorded · 2021

Headcount 500–1k Current team size

Total funding $50–100M Disclosed equity funding

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About Hero Electric

Hero Electric is a pioneer and market leader in the Indian electric two-wheeler industry, having spearheaded electric mobility in India for over 10 years. The company focuses on delivering ecological two-wheeler solutions that provide excellent value for money. Hero Electric serves a diverse range of consumers across various sectors, emphasizing sustainability and cost-efficiency. The company operates in the electric vehicle market, primarily targeting environmentally-conscious consumers and urban commuters looking for affordable and green transportation options. Hero Electric's business model revolves around the sale of electric scooters and bikes, generating revenue through direct sales, after-sales services, and customer referral programs. The company also engages in promotional activities to encourage existing customers to refer friends and family, offering exciting benefits as incentives. This strategy not only boosts sales but also enhances customer loyalty and brand recognition.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 1993
Headquarters: Gurugram, India
Employees: 758
Open positions: None listed
Dealroom signal: 30.8/100
Industry: Transportation
Sub-industry: Vehicle Production
Sector: Transportation, Micromobility, Sustainable Development Goals, Urban Tech, Climate Tech, Electric Mobility, EV Manufacturing, Hard Tech, E-Scooters
Technology: Hardware
Business model: Manufacturing, Marketplace & ecommerce
Client focus: b2c
Links: Website LinkedIn X

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES BOther financing	Jul 2021	$29M	$116M	OAKS Asset Management · Gulf Islamic Investments	—
LATE VCOther financing	Dec 2018	$22M	$88M	Alpha Capital	↗

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Growth signals

Hero Electric website traffic

Latest recorded traffic for Hero Electric is 12K monthly website visits, up 160.9% over the last three months. Hero Electric's team declined 3.6% over the past year.

Latest monthly visits12K 3-month web change+160.9% 1-year team growth-3.6%

Monthly website visitsJan 2018–Jul 2026

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