Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
Autocar Professional|15th January 2023
The company willinvest Rs1,500 crore over thenextthree years andit expects 60 percent ofits turnover to come fromelectric vehicle parts. Itaims to becomea Global EV Solutions Company from India
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap

In a bid to accelerate its push in the electric vehicle space, Pankaj Munjal-backed Hero Motors, the auto-components arm of Hero Motors Company (HMC) Group has raised equity from private equity firm GEF Capital Partners and its Limited Partners for a minority stake for an undisclosed sum.

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