Hero MotoCorp
The Grand Plaza, Plot No. 2, Nelson Mandela Road, Vasant Kunj - Phase -II, New Delhi, Delhi, 110070, India
Overview
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.
- Total investments
- 8
- Lead investments
- 4
- Investments · 12mo
- 1
- Active investors
- 10
Sector focus
- Automotive
- Manufacturing
Investment portfolio
- Ather Energy
Participated · Convertible Note · Jul 2026
Ather Energy manufactures electric two-wheelers and reported selling 88,465 units in Q2 2026. The company's equity structure is notable for strategic investors including Hero MotoCorp and the India-Japan Fund (via NIIF), and its co-founders Tarun Sanjay Mehta and Swapnil Babanlal Jain retain insider stakes. The recent approved preferential fundraise would inject up to ₹12 billion through a combination of equity and convertible warrants, with conversion rights exercisable within 18 months. If fully converted, the round would modestly increase Hero MotoCorp's ownership and slightly dilute the founders' percentages. The articles do not disclose the company's revenue figures or specific use of proceeds.
- Euler Motors
Led · Series D · May 2025
Founded in 2018, Euler Motors focuses on electric commercial vehicles for last-mile cargo delivery. The company targets commercial EV segments where uptime, reliability and operating economics are key decision factors. Euler is backed by investors including Hero MotoCorp and Blume Ventures and has raised about Rs 1,900 crore (roughly $229 million) to date. Management, led by founder and CEO Saurav Kumar, says the company is transitioning from early scale-up to a phase of deeper, more consistent growth across products, markets and operations. Euler plans to use recent funding to expand its product line and manufacturing capacity and to scale its network across India to capture market share in the commercial EV segment.
- Zero Motorcycles
Participated · Equity · Sep 2022
Zero Motorcycles designs and manufactures premium electric motorcycles featuring its Z-Force powertrain and aircraft-grade aluminum frames to deliver lightweight, torque-rich performance with reduced emissions. Founded in 2006 in a Santa Cruz garage, the company has grown into an internationally recognized EV motorcycle brand. Its business model focuses on producing premium models while keeping prices competitive and maintaining an annual model refresh cycle. Zero is working to broaden its portfolio with additional models — reports mention a rumored mini-bike aimed at entry-level and urban riders. As it expands internationally, the company is navigating varied regulatory standards around batteries, charging compatibility, and emissions. Recent investor interest and capital injections position Zero to scale production and expand product lines amid a challenging competitive landscape. Zero Motorcycles designs and sells electric motorcycles and develops electric powertrains and its Cypher III operating system. Its consumer lineup includes on-road, adventure sport, and dual-sport motorcycles, and the company also targets fleet sales and partner powertrain applications. Zero reports having sold over 20,000 vehicles that have accumulated more than 165,000,000 miles and is present in over 200 police departments and authority fleets. The company says the new financing will fund global scaling of operations and sales and the development of additional new models. Zero positions its powertrain technology between e-bicycles and cars and contributes to the electrification of industry-leading applications by its partners. The company is designed and crafted in California and emphasizes its role leading the transformation of the motorcycle and powersports industry through electrification. Zero Motorcycles designs and manufactures electric motorcycles and powertrains, combining Silicon Valley technology with traditional motorcycle craftsmanship. The company says it has the most power- and energy-dense EV technology in powersports and offers a broad product portfolio, including the recently launched SR/F model. It operates a global supply chain and distribution network and states it sells more electric motorcycles annually than all of its competitors combined. Zero emphasizes capital efficiency, R&D investment, and industrial capability as foundations of its strategy. Founded in 2006 and led by CEO Sam Paschel, the company says it has 13 years of experience. With a strong capital base and brand, Zero plans to continue driving two-wheeled and broader powersports electrification as adoption and innovation accelerate. Zero Motorcycles builds electric motorcycles, including highway-legal DS models that are quiet enough for urban law enforcement and suitable for some off-road paths. All of its bikes use fully recyclable lithium-ion batteries. The company highlights environmental benefits, claiming its bikes produce less than one-eighth the CO2 per mile at the power plant and 1/100th of smog-causing nitrous oxides compared with gas-powered motorcycles. Recent capital will be directed toward expanding U.S. operations, growing global sales efforts, and funding research and development. Invus, LP — the company's earliest financial backer since April 2008 — remains its principal investor. Founder Neal Saiki has recently left the company to pursue a human-powered helicopter competition prize. Zero Motorcycles designs and sells all‑electric motorcycles, including the Zero DS model with a claimed range of up to 50 miles (80 km) and highway‑legal capability. Its bikes are quiet due to their all‑electric drivetrains and have been adopted for urban patrols by the Scotts Valley Police Department. The company sells products in 32 countries, including the U.S., Switzerland, Germany, Italy, the U.K. and Canada, and expanded sales to Australia in late 2010. Last summer Zero secured a U.S. patent for a battery interconnect system that reduces heat losses around power packs. Competitors named in the article include Brammo, Mission Motors, Honda and BMW. The company has raised multiple rounds of equity and continues to expand international distribution.
- BluSmart Mobility
Participated · Equity · Aug 2019
BluSmart is an Indian electric-vehicle ride-hailing company. It provides ride-hailing services using electric vehicles. The company closed a pre-Series B round raising $24 million. Investors named in the round include the MS Dhoni Family Office and responsAbility. The funds are intended to expand BluSmart's footprint in India. No other financial details or operating metrics were disclosed in the article. BluSmart is an Indian electric ride-hailing startup that provides ride-hailing services using electric vehicles. The company operates in India and focuses on EV-based transportation. The article reports BluSmart has raised $42 million in funding. The financing was provided through a combination of equity and debt. The round was led by the company’s founders and leadership team. The article does not disclose operating metrics, revenue, or future plans. BLU Smart Mobility operates an all-electric taxi-hailing platform serving customers across Delhi NCR and at Indira Gandhi International Airport terminals. The company has added long-range EVs and launched an all-electric inter-city service between Delhi NCR and Jaipur and Chandigarh. It plans to scale its fleet to over 5,000 BluSmart electric vehicles and expand a network of EV Superhubs across the Delhi NCR. BluSmart says it has scaled 25-fold since launch and emphasizes creating economic opportunities for driver-partners without asset ownership. To support growth it has secured equity, venture debt, and substantial EV asset financing, which it intends to deploy for fleet and hub expansion. BluSmart operates an app-based, all-electric ride-hailing service using electric sedan cabs across Delhi‑NCR. The company shares trip details and the carbon emissions saved with passengers after every ride. BluSmart has completed over one million all-electric trips, logged more than 35 million clean kilometres, and has over 350,000 app downloads in the region. To scale its fleet and increase EV adoption in Delhi‑NCR, BluSmart is procuring additional vehicles financed through a loan. The company has raised institutional capital previously, including a $25 million Series A in October 2021 and a pre-Series A in 2020. The new financing is intended to accelerate fleet expansion and emissions reductions in the national capital region. BluSmart operates an integrated electric-vehicle ride-hailing and charging service with a fleet of electric cabs and a large network of fast chargers across Delhi NCR. The company leases vehicles to drivers and handles vehicle maintenance to reduce driver financial and operational burdens. Its app shows operational safety details such as the last sanitisation time for each car and driver vaccination status. BluSmart has completed over 500,000 electric trips, covered more than 16 million clean kilometres, and recorded over 250,000 app downloads. The company plans to use new funding to expand its fleet and charging stations from Delhi to five additional Indian cities over the next two years. The business is led by Anmol Singh Jaggi.