Euler Motors

company

About

Euler Motors is a transport company that builds electric 3 and 4 wheelers that can be used for intra-city goods transportation.

Details

Last Funding Type
Series C
Last Funding Money Raised
₹4.80B
Industries
Automotive,Autonomous Vehicles,Electric Vehicle,Logistics
Founded date
Apr 1, 2018
Number Of Employee
51 - 100
Operating Status
Active
Legal Name
Euler Motors Pvt. Ltd.

Euler Motors is an automotive tech startup based out of New Delhi focused on commercial electric vehicles. Inspired by the work done by EV Companies across the globe esp. Tesla, Euler Motors is committed to accelerating India's transition to sustainable mobility. Euler aims to become the category leader for cargo transport by driving the Electric Vehicle Revolution in India. Euler Motors is focused on first solving last-mile logistics for e-commerce and 3PL players. To kickstart mass-market adoption - Euler is offering the entire "mobility as a service" stack instead of serving just one stage of a larger value-chain.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
₹6.04B $16.40M
Euler Motors has raised a total of ₹6.04B $16.40M in funding over 2 rounds. Their latest funding was raised on Oct 3, 2022 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 3, 2022 Series C ₹4.80B 6 GIC Detail
Apr 17, 2022 Series B $5M 1 Moglix Detail
Nov 22, 2021 Series B ₹740M 6 QRG Investments and Holdings Detail
Mar 17, 2021 Series A $9.40M 3 Detail
Mar 4, 2021 Series A ₹300M 5 Athera Venture Partners
Jetty Ventures
Detail

Investors

Number of Lead Investors
Number of Investors
6
12
Euler Motors is funded by 12 investors. GIC and ADB Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
GIC Yes Series C
ADB Ventures Series C
Athera Venture Partners Series C
Blume Ventures Series C
Moglix Series C
QRG Investments and Holdings Series C
Jetty Ventures Series B
Kailash Trust Series B
Ganesh Krishnan Series A
Srinivas Anumolu Series A

Employee Profiles

Number of Employee Profiles
2
Euler Motors has 2 current employee profiles, including Executive Saurav Kumar
Executive
Employee