Euler Motors, the pioneering automotive OEM dedicated to revolutionizing transportation in India, is thrilled to announce that it has successfully raised ₹200 million in its latest funding round. Founded in 2018, Euler Motors has quickly established itself as a leader in the commercial electric vehicle (EV) market, delivering cutting-edge EV technology from India, for India. Our flagship product, the HiLoad EV, has set new benchmarks in the industry as India’s most powerful 3-wheeler cargo vehicle, boasting the highest payload carrying capacity of 688 kg and an impressive range of 170 km. This groundbreaking innovation has garnered numerous accolades, including the prestigious ‘EV of the Year’ at the Apollo CV Awards.
The newly raised funds will be pivotal in accelerating our mission to enhance the EV ecosystem and promote the widespread adoption of electric vehicles across the country. We plan to leverage this investment to scale production of our best-in-class commercial EVs and expand our charging infrastructure, which currently features over 300 charging stations in key metropolitan areas like Delhi and Bengaluru. With clients such as Flipkart, BigBasket, Havells, and Udaan already utilizing our cutting-edge vehicles in their logistics operations across several cities, we aim to further elevate our product offerings and enhance customer satisfaction. By championing significant advancements in battery technology, such as our liquid-cooled battery systems, and initiatives like "Charge on Wheels" for on-road servicing, Euler Motors is poised to lead India’s transformation toward efficient and sustainable transportation solutions. With this funding, we are one step closer to making electric mobility a mainstream reality in India.
