Khaitan and Argus lead on Hero Electric Rs 220 crore fund raise from Gulf Islamic Investments and Oaks

Hero Electric Vehicles has raised INR 220 crore in the first part of its Series B funding round.

The fresh round of funding was led by Gulf Islamic Investments (GII) and existing investor Oaks Asset Management.

Hero Electrics was represented by Khaitan & Co. The core team consisted of Partners Bharat Anand and Tanvi Kumar along with Principal Associate Shivam Tandon with assistance from Partner Mayank Singh and Senior Associate Akarshita Dhawan.

Argus Partners advised OAKS Asset Management. The team was led by Partner Gaurav Singhi along with Senior Associate Tushnika Dayal.

Gulf Islamic Investments was represented by their in-house legal team led by Kinshuk Kislaya.

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