Electric vehicle maker Hero Electric Vehicles Pvt. Avendus Capital was the exclusive financial advisor to Hero Electric on the transaction. Hero is committed to its mission of – No Emission and build a sustainable future that is electric" said Naveen Munjal, managing director, Hero Electric. “We are delighted to be a part of the growth journey of India’s market-leading electric vehicles pioneer - Hero Electric - through our latest round of investments under India Growth Portfolio II. Hero Electric has established itself as a champion in the country’s electric vehicles segment and is exceptionally well positioned to achieve multi-fold growth in the coming years.

Source: Mint July 11, 2021 14:56 UTC