We're excited to announce that Euler Motors, India’s trailblazer in the commercial EV space, has successfully raised INR 75,000,000 in new funding aimed at accelerating our mission to revolutionize the nation’s transportation landscape. Founded in 2018, Euler Motors has consistently pushed the boundaries of innovation by designing cutting-edge commercial electric vehicles tailor-made for India’s demands. Our flagship product, the HiLoad EV, stands as a testament to our commitment to excellence—it’s not only India’s most powerful cargo 3-wheeler in terms of payload capacity, range, and battery efficiency but also a proven game changer in transforming first, mid, and last-mile operations for major companies like Flipkart, BigBasket, Havells, Udaan, and Magenta.
The latest round of funding will be strategically deployed to expand our robust EV ecosystem, while also bolstering our production and R&D capabilities. With a strong foothold in the market through key deployments in Delhi NCR, Bengaluru, Hyderabad, Chennai, Lucknow, Chandigarh, and more, the capital raise reflects our unwavering commitment to supporting a greener, more sustainable future by paving the way for faster EV adoption in India. Our advanced technology—from our liquid-cooled battery systems to our expansive network of over 300 charging stations offering DC fast charging—reinforces our leadership position in the automotive and commercial EV sectors.
This milestone not only validates our vision of building industry-leading EV technology, crafted in India from India, but also energizes our continued pursuit of innovation and excellence. We look forward to leveraging this funding to drive further advancements and to help transform the commercial transportation ecosystem across the country.
