Overview
- Euler Motors, which announced Tuesday a ₹437.5 crore ($47 million) Series E, also secured about ₹250 crore in debt from BlackSoil, Trifecta, InnoVen and Alteria.
- Lightrock led the equity round, with existing backers Hero MotoCorp and Blume Ventures participating.
- The company said it will use the funds to expand manufacturing capacity, grow its nationwide service and sales network, and strengthen core operations.
- The latest financing lifts Euler’s total capital raised to roughly ₹1,900 crore since its 2018 founding.
- Euler builds three- and four-wheeler cargo EVs for last‑mile delivery and says it holds about 22% share in the four‑wheel cargo segment with close to 100 touchpoints.