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

By Dilasha Seth

  • 28 Jul 2023
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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 ......

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