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KKR, Hero Group put $450 mn equity investment in Hero Future Energies

Hero Future Energies aims expansion in green hydrogen and battery storage

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In a public statement, the two companies said they have signed definitive agreements under which KKR and the Hero Group will invest $450 million in the HFE

Shreya Jai New Delhi
Hero Future Energies (HFE), the renewable energy company led by Rahul Munjal, bagged an investment of $450 million from US-based investment firm KKR and parent Hero Group. According to company executives, this is an equity investment.

In a statement, the two companies said they have signed definitive agreements under which KKR and the Hero Group will invest $450 million in HFE. The company did not reveal individual amounts put by the two groups.

“This investment will position HFE for continued growth and support its efforts to expand its renewable energy capacity. It would also enhance capabilities across technologies such as

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First Published: Sep 20 2022 | 5:56 PM IST

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