What is Euler Motors?
Founded in 2018, Euler Motors is dedicated to transforming India's logistics sector through the production of high-performance electric commercial vehicles. Their flagship product, the HiLoad EV, is a battery-operated cargo vehicle designed for last-mile delivery, boasting a range of up to 151 km on a single charge. This focus on practical, sustainable, and cost-effective solutions positions Euler Motors as a key player in driving India's transition to electric mobility and enhancing the efficiency of its logistics industry.
How much funding has Euler Motors raised?
Euler Motors has raised a total of $325.5M across 9 funding rounds:
Angel/Seed
$2M
Series A
$9.5M
Other Financing Round
$10M
Series C
$74.4M
Multiple Rounds
$155.7M
Debt
$26.9M
Series E
$47M
Angel/Seed (2020): $2M with participation from Blume Ventures
Series A (2021): $9.5M led by Jetty Ventures, Sajeet Kumar, Blume Ventures, ADB Ventures, India Investment, and Inventus Capital India
Other Financing Round (2021): $10M supported by QRG
Series C (2023): $74.4M featuring QRG Holdings, Blume Ventures, Green Frontier Capital, Athera Venture Partners, British International Investment, and GIC Singapore
Debt (2025): $20M backed by responsAbility
Other Financing Round (2025): $61M with participation from Hero
Series D (2025): $74.7M led by Hero and British International Investment
Debt (2026): $26.9M supported by BlackSoil Capital, Trifecta Capital, Alteria Capital, and Innoven Capital
Series E (2026): $47M featuring Lightrock, Hero, and Blume Ventures
Key Investors in Euler Motors
Hero
Hero MotoCorp Limited is an India-based company engaged in the manufacture of motorcycles and two-wheelers, with manufacturing facilities in Haryana.
British International Investment
British International Investment is the development finance institution of the UK government, responsible for supporting economic development in emerging markets.
Blume Ventures
Blume Ventures is an India-focused early-stage investment firm that backs founders from seed through scale-up, providing local insight and hands-on support for technology-led businesses.
What's next for Euler Motors?
With substantial enterprise-level backing and recent strategic investments, Euler Motors is poised for accelerated growth and market expansion. The company's trajectory suggests a focus on scaling production, enhancing its product portfolio, and potentially exploring new market segments within the electric commercial vehicle space. Continued investment in R&D and manufacturing capabilities will be crucial as Euler Motors aims to solidify its position as a leader in India's sustainable transportation ecosystem.
See full Euler Motors company page
