Euler Motors

Euler Motors

Euler is focused on sustainable last mile transport through light electric commercial vehicles.

Founded 2018 India

New Delhi, India 763 employees Series C Total: $9.26B Logistics, Autonomous and Sensor Tech +1

Euler Motors, founded in 2018 and headquartered in India, is a prominent player in the commercial electric vehicle (EV) sector. Their focus on sustainable last-mile transport through light electric commercial vehicles is evident in their flagship product, the Euler HiLoad EV, which boasts a remarkable load carrying capacity of 688 kg and an impressive range of 151 km. The company's commitment to technological innovation and building a robust EV ecosystem has garnered recognition, including being named the winner of the EV of the Year 2021 by Apollo CV Awards. Euler Motors has positioned itself as a category leader for cargo and passenger vehicles in India and has made significant strides in infrastructure development. With over 300 charging stations across Delhi and Bangalore, including the introduction of DC fast charging for their cargo 3W EV, Euler Motors is actively promoting faster EV adoption in India. Their commitment to customer service is evident through offerings such as "Charge on Wheels," providing on-road service and preventive services for their products. In May 2024, Euler Motors achieved a significant milestone with a INR2.00B Series C investment, backed by notable investors including Blume Ventures, British International Investment, Piramal Alternatives. This funding is a testament to the confidence investors have in Euler Motors' vision and potential within the evolving landscape of sustainable transportation and logistics. As the demand for commercial EVs continues to rise, Euler Motors is well-positioned to further solidify its presence as a leading OEM for commercial EVs in India.

Funding Stage	Amount	Investors	Lead Investors	Date
Series C	INR2.00B	3	Blume Ventures, British International Investment +1	29 May 2024
Series C	INR1.20B	7	Blume Ventures, GIC +5	06 Nov 2023
Series C	INR4.80B	6	Blume Ventures, GIC +4	03 Oct 2022
Series B	$5.00M	1	Moglix	17 Apr 2022
Series B	INR740.00M	6	Blume Ventures, Athera Venture Partners +4	22 Nov 2021
Series A	$9.40M	3	Blume Ventures, Athera Venture Partners +1	17 Mar 2021
Series A	INR300.00M	5	Athera Venture Partners, Sujeet Kumar +3	04 Mar 2021
Series A	INR200.00M	4	Blume Ventures, Athera Venture Partners +2	26 May 2020
Seed Round	$2.00M	2	Blume Ventures, Emergent Ventures	01 Aug 2019

Funding Stage

Amount

Investors

Lead Investors

Date

Series C

INR2.00B

Blume Ventures, British International Investment +1

29 May 2024

Series C

INR1.20B

Blume Ventures, GIC +5

06 Nov 2023

Series C

INR4.80B

Blume Ventures, GIC +4

03 Oct 2022

Series B

$5.00M

Moglix

17 Apr 2022

Series B

INR740.00M

Blume Ventures, Athera Venture Partners +4

22 Nov 2021

Series A

$9.40M

Blume Ventures, Athera Venture Partners +1

17 Mar 2021

Series A

INR300.00M

Athera Venture Partners, Sujeet Kumar +3

04 Mar 2021

Series A

INR200.00M

Blume Ventures, Athera Venture Partners +2

26 May 2020

Seed Round

$2.00M

Blume Ventures, Emergent Ventures

01 Aug 2019

FAQ About Euler Motors

Euler is focused on sustainable last mile transport through light electric commercial vehicles.

Euler Motors was founded in 2018.

Euler Motors is headquartered in New Delhi, India.

Euler Motors operates in Logistics, Autonomous and Sensor Tech and Automotive. Its work centres on sustainable transport, electric vehicles, last mile delivery and commercial vehicles.

Euler Motors has approximately 763 employees.

Euler Motors has completed 9 funding rounds, raising a total of $9.26B. The latest funding stage is Series C.

Top alternatives and competitors to Euler Motors include EVgo, The SHADO Group, Fluid Truck, Altigreen Propulsion Labs, Zhizu Tech. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Euler Motors and EVgo are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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