Hero Electric's PE fundraising flounders as EV sales slump, subsidy mess worsens
Advertisement

Hero Electric's PE fundraising flounders as EV sales slump, subsidy mess worsens

By Dilasha Seth

  • 28 Jul 2023
Premium
Hero Electric's PE fundraising flounders as EV sales slump, subsidy mess worsens

Hero Electric Vehicles Pvt. Ltd’s efforts to receive capital previously committed by two alternative investment firms have hit a wall, VCCircle has learnt, even as it struggles with a slump in sales of electric two-wheelers and faces government scrutiny over the misuse of a subsidy scheme.  Hero Electric had secured an ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News