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    • Euler Motors enters electric LCV market, launches Storm EV at Rs 8.99 lakh

      The EV startup has spent Rs 100 crore for the development of this model, which will have an initial production capacity of 1,000 units per month. It will introduce the two models in seven major cities, including Delhi, Chennai, Mumbai and Hyderabad and later take them to other cities where it operates.

    • Euler Motors raises additional Rs 200 crore in series C funding round

      Existing investors like British International Investment, Blume Venture and new investor Piramal Alternatives India Access Fund led this round's fresh infusion of funds, the company said in a statement.

    • Euler Motors raises Rs 120-crore in funding round

      The company said it has also onboarded Green Frontier Capital, India's first investment firm focused on growth companies as part of this fundraising round along with existing investors.

    • Fyn partners with Euler Motors to procure 2,000 fast charging 3-wheeler EVs

      The order will fuel the company's plans to expand to new geographies within the domestic market, including Mumbai, Delhi, and Coimbatore.

    • OEMs up the ante on medium-speed electric three-wheelers

      While close to 25,000 units of such category of E3Ws were retailed last year (as per Vahan Data), industry players are foreseeing 4X growth in 2023 due to wider availability of products across different price points, improved financing by banks for EVs and frugal running costs.

    • Euler Motors raises 60 million in Series-C round led by GIC

      In an exclusive interview to Moneycontrol, founder and CEO Saurav Kumar says funds generated will primarily be deployed towards setting up a plant in Faridabad, augmenting charging infrastructure and expanding supply chain

    • Euler Motors partners with LetsTransport to deploy 1,000 HiLoad EVs

      Over the next 12 months, the two companies will collaborate to deploy these EVs in Bangalore, Hyderabad, Delhi-NCR and cover other cities across India, the company said in a statement.

    • Magenta ties up with Euler Motors to deploy 1,000 e-cargo vehicles in key cities

      EV solutions company Magenta in association with Euler Motors is planning to deploy 1,000 e-cargo three-wheelers in cities such as Bengaluru, Hyderabad and Chennai in coming months.

    • Euler Motors launches electric three-wheeler cargo carrier tagged Rs 3.5 lakh onwards

      The company, that claims to have tested its HiLoad model for more than 10 lakh kilometres in the last three years, has opened bookings of the vehicle with a payment of Rs 999 on its website or at its experience centres in Delhi and Gurugram.

    • Euler motors raises Rs 30 crore; to utilise funds for business expansion

      The startup plans to use these funds for a new production facility, research and development (R&D) activities, and expansion of charging and servicing infrastructure, the company said in a statement.

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