What is Euler Motors?
Founded in 2018, Euler Motors specializes in the design and manufacturing of high-performance electric three-wheelers tailored for the rigorous demands of the Indian logistics sector. By integrating advanced battery technology with durable vehicle architecture, the company provides a scalable alternative to traditional internal combustion engine fleets. Its flagship HiLoad EV platform serves as a cornerstone for businesses seeking to optimize delivery efficiency while adhering to stringent environmental, social, and governance (ESG) mandates. As a leader in the EV manufacturing space, Euler Motors is effectively bridging the gap between sustainable technology and operational profitability for logistics providers.
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 Sajeet Kumar, Blume Ventures, Jetty Ventures, India Investment, Inventus Capital India, and ADB Ventures
Other Financing Round (2021): $10M supported by QRG
Series C (2023): $74.4M featuring QRG Holdings, Green Frontier Capital, Blume Ventures, GIC Singapore, British International Investment, and Athera Venture Partners
Debt (2025): $20M backed by responsAbility
Other Financing Round (2025): $61M with participation from Hero
Series D (2025): $74.7M led by British International Investment and Hero
Debt (2026): $26.9M supported by BlackSoil Capital, Trifecta Capital, Alteria Capital, and Innoven Capital
Series E (2026): $47M featuring Blume Ventures, Lightrock, and Hero
Key Investors in Euler Motors
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.
Hero
Hero MotoCorp Limited is a leading Indian manufacturer of motorcycles and two-wheelers, bringing extensive automotive manufacturing expertise to the EV sector.
British International Investment
British International Investment is the development finance institution of the UK government, focused on fostering sustainable economic growth in emerging markets.
What's next for Euler Motors?
With the recent influx of $47M, Euler Motors is well-positioned to scale its manufacturing capacity and expand its footprint across key urban markets. The strategic focus will likely shift toward enhancing its proprietary battery management systems and strengthening its service infrastructure to support a growing fleet of commercial EVs. By leveraging partnerships with institutional investors and industry incumbents, the company aims to solidify its dominance in the electric commercial vehicle segment, driving the transition toward a cleaner, more efficient logistics ecosystem in India and beyond.
See full Euler Motors company page
