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Hero Electric counts the likes of Ola Electric, Hero MotoCorp-backed Ather Energy, Okinawa, Simple Energy, TVS Motors and Bajaj Auto as its peers. In October, the firm reported a multi-fold increase in sales of high-speed scooters at 6,366 units. It sold 314 units in the same month last year, with aggregate sales for the ongoing fiscal reaching 50,331 units until October..


Hero Electric aims to raise fresh funds of $200-$300 million; looking to tap PE funds





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