What is Euler Motors?
Euler Motors specializes in the design and manufacturing of high-performance electric commercial vehicles, with a primary focus on three-wheelers tailored for the Indian logistics market. The company's flagship HiLoad EV platform is engineered to address the specific demands of last-mile delivery, offering a range of up to 151 km on a single charge. By integrating advanced battery technology with durable vehicle architecture, Euler Motors is effectively positioning itself as a critical infrastructure provider for sustainable commerce, directly supporting the broader national transition toward electric mobility and enhanced supply chain efficiency.
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 Blume Ventures, ADB Ventures, Jetty Ventures, Sajeet Kumar, India Investment, and Inventus Capital India
Other Financing Round (2021): $10M supported by QRG
Series C (2023): $74.4M featuring Blume Ventures, Green Frontier Capital, Athera Venture Partners, QRG Holdings, GIC Singapore, and British International Investment
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, Alteria Capital, Trifecta Capital, and Innoven Capital
Series E (2026): $47M featuring Blume Ventures, Hero, and Lightrock
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. With local insight and hands on support, it partners with teams building enduring technology led businesses across consumer, enterprise and deep tech, helping them raise capital, sharpen strategy and grow responsibly.
Hero
Hero MotoCorp Limited is an India-based global leader in the manufacture of motorcycles and two-wheelers, leveraging extensive manufacturing facilities to drive innovation in the mobility sector.
British International Investment
British International Investment is the development finance institution of the UK government, focused on fostering sustainable economic growth and social impact in emerging markets.
What's next for Euler Motors?
With the successful closure of its latest financing round, Euler Motors is well-positioned to accelerate its manufacturing capacity and expand its footprint across the Indian subcontinent. The strategic alignment with major automotive and development finance institutions suggests a focus on scaling production of the HiLoad series and potentially diversifying its product portfolio to meet evolving logistics requirements. As the company moves into this advanced growth phase, the emphasis will likely shift toward optimizing supply chain resilience, enhancing battery-as-a-service offerings, and solidifying its market share against increasing competition in the commercial EV space.
See full Euler Motors company page
