Search company, investor...

Founded Year

1993

Stage

Series B | Alive

Total Raised

$51.6M

Last Raised

$29.5M | 3 yrs ago

About Hero Electric

Hero Electric is a company that focuses on the production of electric two-wheelers, operating within the electric vehicle industry. The company's main offerings include electric bikes and scooters, providing eco-friendly and cost-effective modes of personal transportation. It was founded in 1993 and is based in Delhi, India.

Headquarters Location

50 Okhla Industrial Estate (Phase III

Delhi, 110020,

India

Loading...

Loading...

Expert Collections containing Hero Electric

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Hero Electric is included in 2 Expert Collections, including Bike & Scooter Tech.

B

Bike & Scooter Tech

544 items

We define bike and scooter technology startups as companies working on shared vehicle networks, vehicle design, and charging infrastructure for bicycles, scooters, mopeds, and other compact vehicles for one to two passengers.

A

Auto Tech

3,971 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

Latest Hero Electric News

The Race of The 5 EV Dominance: How Automakers are Preparing for the Future

Sep 9, 2024

The race to dominate the electric vehicle (EV) market is heating up, with top automakers fiercely competing to shape the future of transportation. As the automotive industry transitions towards sustainability, leading manufacturers are investing heavily in EV technology, infrastructure, and innovation. From advancements in battery technology to expanding charging networks, these companies are gearing up to meet the growing demand for clean and efficient transportation. Automakers are not only focusing on improving vehicle performance and range but are also integrating smart technologies to enhance the driving experience. With advancements in autonomous driving and connectivity, the future of EVs promises to be both thrilling and eco-friendly. As the top players race to secure their position, the automotive landscape is evolving rapidly, setting the stage for a new era of mobility that prioritises sustainability and technological excellence. The future of transportation is electric, and the competition is just beginning. 1. Quantum Energy In the competitive landscape of electric vehicle (EV) dominance, Quantum Energy is emerging as a formidable player, setting new standards for sustainable transport. As a trailblazer in the EV revolution, Quantum Energy is strategically positioning itself to lead by focusing on mid-speed electric vehicles that combine advanced engineering with stylish design. Their approach emphasises making sustainable transportation both affordable and high-quality, ensuring that eco-friendly options are accessible to a broad audience. Quantum Energy’s Made-in-India scooters are a testament to how green technology can offer practical, enjoyable, and aesthetically pleasing solutions for modern commuting. By challenging traditional transportation norms, they showcase that electric vehicles can be both functional and fun. Their mission extends beyond product innovation to reshaping the narrative around transportation, making sustainability a core aspect of everyday life. Quantum Energy is not just participating in the EV race; they’re driving it, envisioning a greener future with every ride. 2. Zelio E Bikes In the fierce race for EV dominance, Zelio Auto Private Limited is making significant strides as a 100% Indian electric two-wheeler manufacturer. Established in 2021, Zelio Auto is dedicated to driving the future of transportation towards sustainability. The company stands out for its innovative approach, leveraging extensive research and development to deliver cutting-edge electric scooters that meet industry standards for performance and efficiency. Zelio Auto’s commitment to anticipating customer needs and providing high-quality products at competitive prices has earned it the trust of over 200,000 satisfied customers. Their e-bikes are known for being easy to handle, environmentally friendly, and backed by reliable customer service. As the top automakers race to dominate the EV market, Zelio Auto is proving that Indian innovation can lead the way. By combining advanced technology with customer-centric solutions, Zelio Auto is setting new benchmarks in the electric vehicle industry and contributing to a greener future. 3. Hero Electric Founded in 1956 by Late Mr. Dayanand Munjal, Hero began with a vision to revolutionise mobility in India. Over the decades, the brand expanded into diverse sectors such as bicycles, motorcycles, and healthcare, earning a reputation as one of the most trusted names both in India and internationally With the realignment of family businesses, Hero EcoTech was established under the leadership of Mr. Vijay Munjal, encompassing Kross Bikes, Hero Exports, and Mediva. Among its most significant achievements, Hero Electric stands out as India’s pioneering and largest manufacturer of electric two-wheelers. Hero Electric has garnered hundreds of thousands of satisfied customers, reflecting its commitment to innovation and quality in the EV sector. As the electric vehicle market evolves, Hero Electric continues to lead the way, driving sustainable transportation forward and maintaining the brand’s legacy of excellence and reliability. 4. Ultraviolette Automotive Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette Automotive Pvt. Ltd. is at the forefront of sustainable mobility and energy infrastructure innovation. The company was established with a vision to create cutting-edge mobility solutions that combine advanced design with energy-efficient technology. Ultraviolette Automotive is dedicated to developing India’s first ecosystem of high-performance electric vehicles and future-ready energy infrastructure. Their approach integrates progressive design with state-of-the-art technology to offer top-of-the-line electric vehicles that meet the demands of modern transportation. By pioneering in both vehicle performance and energy solutions, Ultraviolette Automotive aims to drive the transition towards a more sustainable future. Their commitment to innovation and excellence positions them as a key player in the evolving landscape of electric mobility, setting new standards for efficiency and performance in the industry. 5. Simple Energy Simple Energy is a forward-thinking electric vehicle startup focused on revolutionizing urban transportation through smart electric scooters. Founded with a vision to create sustainable and high-performance mobility solutions, the company is dedicated to addressing the challenges of modern commuting. Simple Energy’s flagship product, the Simple One, exemplifies their commitment to innovation, combining cutting-edge technology with practical design With an emphasis on efficiency, performance, and sustainability, Simple Energy’s electric scooters are designed to meet the needs of today’s urban commuters while reducing their environmental impact. By integrating advanced features such as a long range, fast acceleration, and robust engineering, the company sets new benchmarks for electric two-wheelers. As a pioneer in the EV space, Simple Energy is leading the charge towards a greener future, making sustainable transportation accessible and appealing to a broad audience.

Hero Electric Frequently Asked Questions (FAQ)

  • When was Hero Electric founded?

    Hero Electric was founded in 1993.

  • Where is Hero Electric's headquarters?

    Hero Electric's headquarters is located at 50 Okhla Industrial Estate (Phase III, Delhi.

  • What is Hero Electric's latest funding round?

    Hero Electric's latest funding round is Series B.

  • How much did Hero Electric raise?

    Hero Electric raised a total of $51.6M.

  • Who are the investors of Hero Electric?

    Investors of Hero Electric include Gulf Islamic Investments, OAKS Asset Management and Alpha Capital.

  • Who are Hero Electric's competitors?

    Competitors of Hero Electric include Cowboy and 7 more.

Loading...

Compare Hero Electric to Competitors

A
Ather Energy

Ather Energy focuses on the development and production of electric vehicles, specifically in the automotive industry. The company's main offerings include smart and connected electric scooters, as well as public and private charging infrastructure. Ather Energy primarily sells to the electric vehicle industry. It was founded in 2013 and is based in Bangalore, India.

Pure Electric Logo
Pure Electric

Pure Electric is a company focused on revolutionizing urban travel, operating within the electric micro-mobility industry. The company offers electric scooters and e-bikes, designed to reduce pollution, travel time, congestion, and expensive fares in cities. These products are primarily targeted towards urban dwellers seeking sustainable and efficient transportation solutions. It was founded in 2018 and is based in Bristol, England.

T
TrybEco

TrybEco is a Polish brand specializing in the production of electric bicycles and scooters within the electric mobility industry. The company offers a range of electric hybrid bicycles, electric scooters, and charging stations, designed for eco-friendly and economical transportation. TrybEco's products are aimed at individuals seeking sustainable and efficient personal transport solutions. It is based in Lodz, Poland.

C
Cowboy

Cowboy specializes in connected electric bicycles designed for urban riders within the mobility industry. The company offers a range of e-bikes that provide automatic assistance, theft detection, and mobile service for at-home repairs, aiming to enhance urban commuting. Cowboy's products target individuals seeking efficient, sustainable, smart transportation solutions in urban environments. It was founded in 2017 and is based in Bruxelles, Belgium.

R
River

River focuses on electric mobility, specifically within the electric two-wheeler sector. The company offers electric scooters designed for urban transportation. These scooters are marketed as the SUV of scooters, emphasizing a blend of utility and performance. It was founded in 2020 and is based in Bengaluru, India.

T
TAUR Technologies

TAUR Technologies is a company focused on the development and production of electric scooters. The company's main product is a road-ready electric scooter designed for urban transport, offering features such as dual braking, smart storage, and large wheels for stability. The scooter is also equipped with a powerful headlight for visibility and can be locked with an RFID smartcard or a dedicated app for security. It was founded in 2019 and is based in Horsham, England.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.