Khaitan & Co advises Hero Electrics in fundraising
The fund worth ₹220 crore is to be used for further expansion and growth of Hero’s electric vehicles project
Khaitan & Co advises Hero Electrics in raising fresh funds worth ₹220 crore to meet its ambitious electric vehicle project.
The Indian company will use the funds, raised from Gulf Islamic Investments and OAKS Assets Management towards its further expansion and growth in the fast-emerging electric vehicles sector.
The core team of Khaitan & Co consisted of Partners Bharat Anand and Tanvi Kumar along with Principal Associate Shivam Tandon. The team was assisted by Partner Mayank Singh and Senior Associate Akarshita Dhawan.
OAKS Asset Management was advised by Argus Partners. The Argus team was led by Partner Gaurav Singhi and was assisted by Senior Associate Tushnika Dayal.
Kinshuk Kislaya led the in-house team of Gulf Islamic Investments.
The fund raised is part of Hero Electric Vehicles’ first part of its Series B funding round.