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Hero Electric raises ₹220 crore to sell over a million electric scooters a year Hero Electric raises ₹220 crore to sell over a million electric scooters a year Kritti BhallaJul 12, 2021, 09:49 IST Naveen Munjal, managing director Hero ElectricBCCL The Series B round was led by Gulf Islamic Investments (GII), with participation from OAKS. The company had last raised ₹160 crore from Mumbai-based Alpha Ventures in December 2018. Hero Electric said it will use this funding to expand production capacity.Electric vehicle (EV) manufacturer Hero Electric, which focuses on two-wheelers, has raised ₹220 crore ($29 million) in its Series B funding round led by Gulf Islamic Investments (GII). Existing investor OAKS also participated in this round.

Swapnil jainNaveen munjalTarun mehtaGulf islamic investmentsMumbai based alpha venturesHero electricMumbai based alpha capitalசுவாப்ணில் ஜெயின்நவீன் முஞ்சல்தருண் மேத்தாவளைகுடா இஸ்லாமிய முதலீடுகள்ஹீரோ மின்சார