HeroMotoCorp

HeroMotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world's largest manufacturer of two - wheelers, based in India. Late Dr. Brijmohan Lall Munjal founded HeroMotoCorp Ltd. on January 19th 1984. In 2001, the company achieved the coveted position of being the largest two-wheeler manufacturing company in India and also, the 'World No.1' two-wheeler company in terms of unit volume sales in a calendar year. HeroMotoCorp Ltd. continues to maintain this position till date. The story of Hero Honda began with a simple vision - the vision of a mobile and an empowered India, powered by its two wheelers. HeroMotoCorp Ltd., company's new identity, reflects its commitment towards providing world class mobility solutions with renewed focus on expanding company's footprint in the global arena. HeroMotoCorp's mission is to become a global enterprise fulfilling its customers' needs and aspirations for mobility, setting benchmarks in technology, styling and quality so that it converts its customers into its brand advocates. The company will provide an engaging environment for its people to perform to their true potential. It will continue its focus on value creation and enduring relationships with its partners. HeroMotoCorp's key strategies are to build a robust product portfolio across categories, explore growth opportunities globally, continuously improve its operational efficiency, aggressively expand its reach to customers, continue to invest in brand building activities and ensure customer and shareholder delight. The new Hero is rising and is poised to shine on the global arena. Company's new identity "HeroMotoCorp Ltd." is truly reflective of its vision to strengthen focus on mobility and technology and creating global footprint. Building and promoting new brand identity will be central to all its initiatives, utilizing every opportunity and leveraging its strong presence across sports, entertainment and ground-level activation. Hero MotoCorp two wheelers are manufactured across 4 globally benchmarked manufacturing facilities. Two of these are based at Gurgaon and Dharuhera which are located in the state of Haryana in northern India. The third manufacturing plant is based at Haridwar, in the hill state of Uttrakhand; the latest addition is the state-of-the-art Hero Garden Factory in Neemrana, Rajasthan. The Company's growth in the two wheeler market in India is the result of an intrinsic ability to increase reach in new geographies and growth markets. HeroMotoCorp's extensive sales and service network now spans over to 6000 customer touch points. These comprise a mix of authorized dealerships, service & spare parts outlets, and dealer-appointed outlets across the country.

Vivek Anand

CFO

Pawan Munjal

Chairman, Managing Director and CEO

15 past transactions

Euler Motors

Corporate Round in 2025
Euler Motors is an automotive technology company focused on commercial electric vehicles in India. It develops electric three-wheelers used for intra-city goods transportation, including last-mile delivery for e-commerce and third-party logistics. By offering a mobility-as-a-service stack, Euler aims to simplify adoption of electric fleets across multiple stages of the logistics value chain, not just a single segment. The company emphasizes lower maintenance costs and reduced fleet operational expenses, supporting efforts to accelerate India's transition to sustainable mobility. Euler seeks to be a category leader in cargo transport, driving the Electric Vehicle Revolution in India by providing end-to-end solutions for fleet operators in the urban logistics space.

Ather Energy

Secondary Market in 2024
Ather Energy specializes in manufacturing electric scooters and developing an extensive charging network called AtherGrid. The company focuses on creating a comprehensive ecosystem for India's electric vehicles, with all products designed and manufactured locally.

Ather Energy

Venture Round in 2023
Ather Energy specializes in manufacturing electric scooters and developing an extensive charging network called AtherGrid. The company focuses on creating a comprehensive ecosystem for India's electric vehicles, with all products designed and manufactured locally.

Ather Energy

Series E in 2022
Ather Energy specializes in manufacturing electric scooters and developing an extensive charging network called AtherGrid. The company focuses on creating a comprehensive ecosystem for India's electric vehicles, with all products designed and manufactured locally.

Zero Motorcycles

Funding Round in 2022
Zero Motorcycles manufactures and supplies electric motorcycles, offering street, dirt, and dual-sport models along with accessories and apparel. The company is dedicated to revolutionizing the motorcycle industry by combining traditional design elements with advanced technology, resulting in high-performance, environmentally friendly vehicles. Zero Motorcycles was founded in 2006 and is headquartered in Scotts Valley, California, with an additional office in Noord-Scharwoude, the Netherlands. The company sells its products through dealers and online, and has a strategic partnership with Polaris Inc.

Gogoro

Post in 2022
Gogoro Inc. is a manufacturer of two-wheeled electric vehicles and a pioneering provider of battery swapping infrastructure, based in Taoyuan City, Taiwan. Founded in 2011, the company specializes in electric scooters, notably the Smartscooter, which features cloud connectivity and an electric powertrain that utilizes a network of swappable batteries. This modular battery swapping system allows urban riders to access portable power through strategically placed battery vending machines, facilitating the adoption of electric mobility in densely populated areas. Gogoro aims to transform megacities into smart cities by making energy distribution more efficient and accessible. The company's comprehensive ecosystem includes Gogoro Smart Batteries, GoStations, and battery management systems, contributing to a seamless integration of hardware and software. The majority of Gogoro's revenue is generated in Taiwan, where it has established a strong presence.

Hero FinCorp

Private Equity Round in 2022
Hero FinCorp Limited is a non-banking financial company based in New Delhi, India, that specializes in providing a diverse range of financing solutions. The company offers retail loans, including two-wheeler and used car loans, alongside various corporate lending options such as loans against property, unsecured business loans, medical equipment financing, and working capital loans. Additionally, Hero FinCorp provides supply chain finance, emergency credit lines, and other related financial services tailored to meet the needs of both individual consumers and small to medium enterprises. Established in 1991 and formerly known as Hero Honda Finlease Limited, the company rebranded in 2011 to reflect its broader financial services offerings.

Ather Energy

Series D in 2022
Ather Energy specializes in manufacturing electric scooters and developing an extensive charging network called AtherGrid. The company focuses on creating a comprehensive ecosystem for India's electric vehicles, with all products designed and manufactured locally.

AgroStar

Series D in 2021
Founded in 2013, AgroStar is an Indian AgTech company dedicated to empowering farmers. It offers end-to-end solutions via its omnichannel platform, providing agronomic knowledge and data-driven insights to enhance crop yield and reduce cultivation costs. Operating in five major states, AgroStar serves millions of farmers through its Agri Advisory Center, AgroStar Agri Doctor app, and retail stores.

Ather Energy

Series C in 2020
Ather Energy specializes in manufacturing electric scooters and developing an extensive charging network called AtherGrid. The company focuses on creating a comprehensive ecosystem for India's electric vehicles, with all products designed and manufactured locally.

BluSmart Mobility

Seed Round in 2019
BluSmart Mobility provides an intelligent electric shared mobility platform for efficient and sustainable transportation. Its mission is to transform Indian cities by developing a comprehensive electric on-demand mobility solution.

Ather Energy

Series C in 2019
Ather Energy specializes in manufacturing electric scooters and developing an extensive charging network called AtherGrid. The company focuses on creating a comprehensive ecosystem for India's electric vehicles, with all products designed and manufactured locally.

Ather Energy

Series B in 2016
Ather Energy specializes in manufacturing electric scooters and developing an extensive charging network called AtherGrid. The company focuses on creating a comprehensive ecosystem for India's electric vehicles, with all products designed and manufactured locally.

Erik Buell Racing

Funding Round in 2013
Erik Buell Racing LLC is a motorcycle company that specializes in the design and manufacture of sports motorcycles. Established in 2009 and headquartered in East Troy, Wisconsin, the company also manages inventory that includes motor vehicle parts and accessories across various sectors, including retail, wholesale, and motorsports. In addition to its manufacturing operations, Erik Buell Racing offers services such as liquidations, auctions, and appraisals. The company serves its customers through an online platform and a network of dealers both in the United States and internationally. As of January 2016, Erik Buell Racing functions as a subsidiary of Liquid Asset Partners LLC.

Telecom Service Centres

Acquisition in 2007
Telecom Service Centres is a privately held company that provides customer management solutions to blue-chip organizations.
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