Euler Motors
641Electric commercial vehicle manufacturer.
Founded
2018
Team Size
400
Total Funding
₹125 Cr
Valuation
₹415 Cr
Electric commercial vehicle manufacturer.
Core Differentiator
Purpose-built electric 3-wheeler cargo vehicles designed specifically for last-mile delivery and intra-city logistics in India.
Target Market
Last-mile delivery fleets, e-commerce logistics, SME businesses
Key Innovation
IoT-enabled fleet management platform integrated with purpose-designed electric cargo vehicles optimized for Indian operating conditions
Electric TCO (Total Cost of Ownership) significantly lower than diesel equivalents for commercial fleet operators, especially with increasing fuel costs
Fleet management software and charging infrastructure create operational lock-in for B2B customers
Early positioning to benefit from government subsidies (FAME II) and stricter emission norms in urban areas
₹37.4 Cr
Total Raised
3
Rounds
Series C
Latest · Mar 22, 2024
Unlock the full funding history below — every round's amount, valuation & investors.
Latest Round
2023-01-01
₹37.4 Cr
Investors
Series C
Feb 28 2026
N/A
Series C
Mar 22, 2024
N/A
Euler Motors’ revenue doubles to Rs 402 Cr in FY26; losses jump 20%
How Euler Motors Zoomed In On Electric Cargo, Laid Out Its Growth Blueprint
Euler Motors doubles FY26 revenue to Rs 402 crore, losses expand
Euler Motors founder’s stake falls to single digits after fresh funding
Location
Website
Visit WebsiteGrowth Rate
48%
Funding Rounds
3