Euler Motors, a pioneering automotive OEM dedicated to revolutionizing transportation across India, is thrilled to announce that it has successfully raised a substantial funding amount to accelerate its mission of transforming the commercial electric vehicle (EV) landscape. As the frontrunner in the commercial EV sector, Euler Motors is redefining the standards of sustainable transport with its advanced technologies, notably the HiLoad EV—the most powerful electric three-wheeler in the nation. The HiLoad EV, celebrated for its exceptional payload capacity of 688 kg and an impressive range of 170 km, has garnered accolades as the 'EV of the Year' at the Apollo CV Awards, highlighting its industry-leading design and performance.
Founded in 2018, Euler Motors aims to build not only superior commercial EVs but also a robust ecosystem to expedite EV adoption across India. With this latest funding, the company plans to enhance its production capabilities and expand its research and development initiatives to innovate even further. Euler Motors' vehicles are making a significant impact on last-mile delivery in collaboration with major companies like Flipkart, BigBasket, Havells, and Udaan, which are already utilizing the HiLoad EV across key cities including Delhi NCR, Bengaluru, and Chennai. Furthermore, the company's commitment to ensuring that its fleet is equipped with cutting-edge features—such as liquid-cooled batteries and a growing network of over 300 charging stations—positions it as a leader in the industry. As Euler Motors continues to push the boundaries of electric mobility, it is set to play a crucial role in making sustainable transport a reality in India’s rapidly evolving market.
