# HeroMotoCorp

> HeroMotoCorp is a VC fund backing Automotive and Electric Vehicle. See 20 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: New Delhi, India
- Total investments: 20
- Last investment: Jul 2026
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/heromotocorp
- X (Twitter): https://twitter.com/heromotocorp
- Website: http://www.heromotocorp.com/en-in/
- Facebook: https://www.facebook.com/HeroMotoCorpIndia

HeroMotoCorp is a VC fund in New Delhi focused on Automotive and Electric Vehicle. 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 'WorldNo.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.

## Contacts

5 contacts available for HeroMotoCorp. Shizune tracks 13 team members at HeroMotoCorp. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/hero-motocorp-ltd?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 5 | 25% |
| Electric Vehicle | 5 | 25% |
| Manufacturing | 2 | 10% |
| Transportation | 2 | 10% |
| Autonomous Vehicles | 2 | 10% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series D | 3 | 15% |
| Series E | 2 | 10% |
| Funding Round | 2 | 10% |
| Post-IPO Equity | 2 | 10% |
| Secondary Market | 2 | 10% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 5 | 25% |
| United States | 2 | 10% |
| Taiwan | 1 | 5% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Pawan Munjal | Chairman, Managing Director & CEO | 12 | https://shizune.co/investors/profile/pawan-munjal |
| Reema Jain | Chief Information & Digital Officer | 0 | https://shizune.co/investors/profile/reema-jain |
| Arun Jaura | Chief Technology Officer | 0 | https://shizune.co/investors/profile/arun-jaura-ea7d |
| Brijmohan Lall Munjal | Founder | 0 | https://shizune.co/investors/profile/brijmohan-lall-munjal |
| Harshavardhan Chitale | Chief Executive Officer | 3 | https://shizune.co/investors/profile/harshavardhan-chitale |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ather Energy | Ather Energy manufactures electric scooters and an electric vehicle charging network called AtherGrid. It focuses on building a complete ecosystem for India’s electric vehicles powered by indigenous design and all locally manufactured. Ather Energy's key products include the Ather 450X, their flagship electric scooter. It is renowned for itspowerful performance, long-range, and advanced smart features such as touchscreen dashboards, connected mobile apps, and over-the-air updates. The Ather 450 Plus, a slightly less powerful version of the 450X, offers many of the same innovative features while balancing performance and affordability.Both scooters are equipped with a smart dashboard that provides navigation, ride statistics, and other useful features. They are also integrated with mobile apps, allowing users to monitor their vehicle's performance, locate charging points, and access various connected features. | $259.1M | Post-IPO Equity | Jul 15, 2026 |  |
| Euler Motors | Euler Motors is an automotive tech startup based out of New Delhi focused on commercial electric vehicles. Inspired by the work done by EV Companies across the globe esp. Tesla, Euler Motors is committed to accelerating India's transition to sustainable mobility. Euler aims to become the category leader for cargo transport by driving theElectric Vehicle Revolution in India. Euler Motors is focused on first solving last-mile logistics for e-commerce and 3PL players. To kickstart mass-market adoption - Euler is offering the entire "mobility as a service" stack instead of serving just one stage of a larger value-chain. | $46.6M | Series E | Mar 24, 2026 |  |
| Euler Motors | Euler Motors is an automotive tech startup based out of New Delhi focused on commercial electric vehicles. Inspired by the work done by EV Companies across the globe esp. Tesla, Euler Motors is committed to accelerating India's transition to sustainable mobility. Euler aims to become the category leader for cargo transport by driving theElectric Vehicle Revolution in India. Euler Motors is focused on first solving last-mile logistics for e-commerce and 3PL players. To kickstart mass-market adoption - Euler is offering the entire "mobility as a service" stack instead of serving just one stage of a larger value-chain. |  | Secondary Market | Mar 24, 2026 |  |
| Euler Motors | Euler Motors is an automotive tech startup based out of New Delhi focused on commercial electric vehicles. Inspired by the work done by EV Companies across the globe esp. Tesla, Euler Motors is committed to accelerating India's transition to sustainable mobility. Euler aims to become the category leader for cargo transport by driving theElectric Vehicle Revolution in India. Euler Motors is focused on first solving last-mile logistics for e-commerce and 3PL players. To kickstart mass-market adoption - Euler is offering the entire "mobility as a service" stack instead of serving just one stage of a larger value-chain. | $74.2M | Series D | Mar 21, 2025 |  |
| Ather Energy | Ather Energy manufactures electric scooters and an electric vehicle charging network called AtherGrid. It focuses on building a complete ecosystem for India’s electric vehicles powered by indigenous design and all locally manufactured. Ather Energy's key products include the Ather 450X, their flagship electric scooter. It is renowned for itspowerful performance, long-range, and advanced smart features such as touchscreen dashboards, connected mobile apps, and over-the-air updates. The Ather 450 Plus, a slightly less powerful version of the 450X, offers many of the same innovative features while balancing performance and affordability.Both scooters are equipped with a smart dashboard that provides navigation, ride statistics, and other useful features. They are also integrated with mobile apps, allowing users to monitor their vehicle's performance, locate charging points, and access various connected features. | $14.9M | Secondary Market | Jun 06, 2024 |  |
| Ather Energy | Ather Energy manufactures electric scooters and an electric vehicle charging network called AtherGrid. It focuses on building a complete ecosystem for India’s electric vehicles powered by indigenous design and all locally manufactured. Ather Energy's key products include the Ather 450X, their flagship electric scooter. It is renowned for itspowerful performance, long-range, and advanced smart features such as touchscreen dashboards, connected mobile apps, and over-the-air updates. The Ather 450 Plus, a slightly less powerful version of the 450X, offers many of the same innovative features while balancing performance and affordability.Both scooters are equipped with a smart dashboard that provides navigation, ride statistics, and other useful features. They are also integrated with mobile apps, allowing users to monitor their vehicle's performance, locate charging points, and access various connected features. | $107.2M |  | Sep 04, 2023 |  |
| Zero Motorcycles | Zero Motorcycles is the next step in motorcycle evolution and represents the ultimate electric motorcycle technology. Unencumbered by conventional thinking about how they design, manufacture, and sell high-performance electric motorcycles, they're on a mission to turn heads and revolutionize their industry by combining the best aspects of atraditional motorcycle with today's most advanced technology. The result is an electric motorcycle line that's insanely fast, and environmentally friendly. Since its inception, Zero Motorcycles (formerly Electricross) has been dedicated to developing the very best in electric motorcycle technology. Built for both experienced and entry-level riders their premium motorcycle line offers blistering acceleration and speed with optional settings for the less aggressive. What separates them from their competition is the performance, quality, and reliability of each bike.It was founded in 2006 and is headquartered in Scotts Valley, California. | $60M | Corporate Round | Sep 29, 2022 |  |
| Zero Motorcycles | Zero Motorcycles is the next step in motorcycle evolution and represents the ultimate electric motorcycle technology. Unencumbered by conventional thinking about how they design, manufacture, and sell high-performance electric motorcycles, they're on a mission to turn heads and revolutionize their industry by combining the best aspects of atraditional motorcycle with today's most advanced technology. The result is an electric motorcycle line that's insanely fast, and environmentally friendly. Since its inception, Zero Motorcycles (formerly Electricross) has been dedicated to developing the very best in electric motorcycle technology. Built for both experienced and entry-level riders their premium motorcycle line offers blistering acceleration and speed with optional settings for the less aggressive. What separates them from their competition is the performance, quality, and reliability of each bike.It was founded in 2006 and is headquartered in Scotts Valley, California. | $107M | Venture - Series Unknown | Sep 29, 2022 |  |
| Zero Motorcycles | Zero Motorcycles is the next step in motorcycle evolution and represents the ultimate electric motorcycle technology. Unencumbered by conventional thinking about how they design, manufacture, and sell high-performance electric motorcycles, they're on a mission to turn heads and revolutionize their industry by combining the best aspects of atraditional motorcycle with today's most advanced technology. The result is an electric motorcycle line that's insanely fast, and environmentally friendly. Since its inception, Zero Motorcycles (formerly Electricross) has been dedicated to developing the very best in electric motorcycle technology. Built for both experienced and entry-level riders their premium motorcycle line offers blistering acceleration and speed with optional settings for the less aggressive. What separates them from their competition is the performance, quality, and reliability of each bike.It was founded in 2006 and is headquartered in Scotts Valley, California. | $107M | Venture - Series Unknown | Sep 29, 2022 |  |
| Ather Energy | Ather Energy manufactures electric scooters and an electric vehicle charging network called AtherGrid. It focuses on building a complete ecosystem for India’s electric vehicles powered by indigenous design and all locally manufactured. Ather Energy's key products include the Ather 450X, their flagship electric scooter. It is renowned for itspowerful performance, long-range, and advanced smart features such as touchscreen dashboards, connected mobile apps, and over-the-air updates. The Ather 450 Plus, a slightly less powerful version of the 450X, offers many of the same innovative features while balancing performance and affordability.Both scooters are equipped with a smart dashboard that provides navigation, ride statistics, and other useful features. They are also integrated with mobile apps, allowing users to monitor their vehicle's performance, locate charging points, and access various connected features. | $128M | Series E | May 12, 2022 |  |

10 of 20 investments shown.

## Co-investors
- [NIIF](https://shizune.co/investors/profile/niif-ltd) — VC Fund, 3 deals together
- [Apollo](https://shizune.co/investors/profile/apollo-global-management-llc) — VC Fund, 2 deals together
- [Blume Ventures](https://shizune.co/investors/profile/blume-ventures) — VC Fund, 2 deals together
- [British International Investment](https://shizune.co/investors/profile/cdc-group) — VC Fund, 2 deals together
- [Exor](https://shizune.co/investors/profile/exor-eb7d) — VC Fund, 2 deals together
- [Hero Enterprise](https://shizune.co/investors/profile/hero-enterprise) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Sigma Partners](https://shizune.co/investors/profile/sigma-partners) — VC Fund
- [EDBI](https://shizune.co/investors/profile/edbi) — VC Fund
- [Trifecta Capital Advisors](https://shizune.co/investors/profile/trifecta-capital-advisors) — VC Fund

## FAQ

### What does HeroMotoCorp invest in?

HeroMotoCorp invests primarily in Automotive, Electric Vehicle and Manufacturing startups, most often at Series D and Series E stage. Most of the 20 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact HeroMotoCorp?

Public channels for HeroMotoCorp include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at HeroMotoCorp?

The team at HeroMotoCorp includes Pawan Munjal (Chairman, Managing Director & CEO), Reema Jain (Chief Information & Digital Officer) and Arun Jaura (Chief Technology Officer), among 13 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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