# Pawan Munjal

> Pawan Munjal is a Series B investor at HeroMotoCorp (Delhi) backing Automotive and Transportation. See 12 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [HeroMotoCorp](https://shizune.co/investors/profile/hero-motocorp-ltd)
- Location: Delhi, India
- Total investments: 12
- Last investment: Sep 2022
- Lead investor: 42%
- Last updated: Aug 2026

Pawan Munjal is a Series B investor at HeroMotoCorp in Delhi focused on Automotive and Transportation. Pawan Munjal - Chairman, Managing Director & CEO @ HeroMotoCorp

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 4 | 33% |
| Transportation | 4 | 33% |
| Electric Vehicle | 4 | 33% |
| Manufacturing | 3 | 25% |
| Sales | 2 | 17% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 3 | 25% |
| Series A | 2 | 17% |
| Series E | 2 | 17% |
| Seed | 1 | 8% |
| Series C | 1 | 8% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 8 | 67% |
| United States | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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 |  |
| SUGAR Cosmetics | SUGAR Cosmetics is a cruelty-free makeup brand that offers a wide range of premium makeup products. It is a cult favorite amongst millennials and is one of the fastest-growing premium beauty brands in India. With its clutter-breaking persona, signature low-poly packaging, and chart-topping products, SUGAR is the makeup of choice for bold,independent women who refuse to be stereotyped into roles. SUGAR was crafted and manufactured in state-of-the-art facilities across Germany, Italy, India, the USA, and Korea, the brand ships its bestselling products in Lips, Eyes, Face, Nails, and Skin categories across the world. | $50M | Series D | May 30, 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 |  |
| ShareChat | ShareChat is an Indian social media startup. It offers the content consumption and sharing platform only in Indian vernacular languages to cater to over 1.17 billion wireless network users of India. It is available in 15 Indian languages. The company was founded in 2015 and is headquartered in Bangalore, Karnataka. | $40M | Series E | Sep 24, 2020 |  |
| GoMechanic | GoMechanic provides an online car servicing platform intended to help people to schedule their car servicing online in a desired time. Its platform offers to book services like denting and painting, exterior and interior car care services and cashless insurance repairs, enabling users to service their cars in a hassle-free manner. |  | Series B | Jun 18, 2020 |  |
| Ola Electric | Ola Electric Mobility engages in the leasing of electric cars. It is working with vehicle and battery manufacturers, cities, driver-partners, and the mobility ecosystem to make electric mobility convenient, dependable, and affordable. Ankit Jain and Anand Shah founded Ola Electric Mobility on May 26, 2017. It has its headquarters in Bengaluru inIndia. | $1M | Series B | Mar 12, 2020 |  |
| Oye Rickshaw | Oye Rickshaw is an electric vehicle energy solutions company that connects people with public transportation using an e-rickshaw booking app. Oye! connects real Bharat with public transportation and nearby public places via its shared, electric, micro-mobility, tech-based marketplace. The company's technology stack is enabling an EV ecosystemcreated around our Driver Partners by integrating vehicle/accessory sellers, charging/swapping providers, and public transportation/demand hubs on one platform. | $10M | Series A | Jan 29, 2020 |  |
| 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. |  | Series C | May 28, 2019 |  |
| Vogo | Vogo is a dockless scooter rental company that lets customers rent scooters for short one-way trips. The company's VOGO box is attached to each scooter and lets customers access the key without any human intervention and start riding. Vogo is the fastest commute option available today in India at a fraction of the cost of other alternatives.Vogo is currently available at limited pick-up and drop-off points across Bangalore and Hyderabad. |  |  | Jan 14, 2019 |  |
| Vogo | Vogo is a dockless scooter rental company that lets customers rent scooters for short one-way trips. The company's VOGO box is attached to each scooter and lets customers access the key without any human intervention and start riding. Vogo is the fastest commute option available today in India at a fraction of the cost of other alternatives.Vogo is currently available at limited pick-up and drop-off points across Bangalore and Hyderabad. | $7M | Series A | Aug 14, 2018 |  |

10 of 12 investments shown.

## Co-investors
- [Elevation Capital](https://shizune.co/investors/profile/elevation-capital-6e8a) — VC Fund, 3 deals together
- [India Quotient](https://shizune.co/investors/profile/india-quotient) — VC Fund, 3 deals together
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 2 deals together
- [Stellaris Venture Partners](https://shizune.co/investors/profile/stellaris-venture-partners) — VC Fund, 2 deals together
- [A91 Partners](https://shizune.co/investors/profile/a91-partners) — VC Fund, 1 deal together
- [AdvantEdge Founders](https://shizune.co/investors/profile/advantedge-partners) — VC Fund, 1 deal together

## About HeroMotoCorp

VC Fund · New Delhi, India

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.

5 contacts available at HeroMotoCorp.

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

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## FAQ

### What does Pawan Munjal invest in?

Pawan Munjal invests primarily in Automotive, Transportation and Electric Vehicle startups, most often at Series B and Series A stage. Most of the 12 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Pawan Munjal last invest?

The most recent investment recorded for Pawan Munjal closed in Sep 2022. Shizune tracks 12 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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