The company is eyeing a valuation of $800 million, once the money is raised against 25% equity. : Hero Future Energies, the renewable energy firm of the Pawan Munjal-led Hero group, is looking to raise $200 million in fresh funding from private equity investors, according to a market source. The company, founded only six years ago, is eyeing a valuation of $800 million, once the money is raised against 25 percent equity. The focused on running power plants based on renewable sources like solar and wind.