“Electric scooter maker Hero Electric has raised ?160 crore from Mumbai-based Alpha Capital to build its second factory, develop new products and expand dealer network on hopes that local demand for its eco-friendly products will nearly double in the next few years, said a top company executive,” reported Mint.

HSA Advocates advised Hero Electric Vehicles Private Limited and its promoters, led by a team of senior partner Aparajit Bhattacharya and partner Harvinder Singh as well as associate partner Devika Chadha.

Also advising was law firm Cyril Amarchand Mangaldas, as well as Deloitte, Three Comma Financial Consultancy LLC, Dubai, and Steer Advisors.

2018-11-01

Deal value: USD 23.5 million

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