Euler Motors funding, investors and company details

Euler Motors is an emerging Automobile - EV startup from New Delhi, working in the space of electric vehicle company focused on transforming last-mile cargo logistics. Founded by Saurav Kumar.

Company: Euler Motors Private Limited
Sector: Automobile - EV
Location: New Delhi
Founders: Saurav Kumar
Total funding raised: ₹2,628.71 Cr

Company overview

Euler Motors is a commercial electric vehicle company focused on transforming last-mile cargo logistics. Its flagship model, the HiLoad EV, offers class-leading payloads, long certified range, liquid-cooled battery technology, and features built for challenging road and weather conditions. To serve its growing base of clients in e-commerce and 3PL, Euler is scaling manufacturing, expanding its service and charging infrastructure, and growing its presence in multiple cities. Its goal is to make EV cargo delivery reliable, efficient, and accessible.

Funding rounds

Latest round (Series E): ₹437.50 Cr. ($ 47.43 Mn), 2026-03-25. Investors: Hero MotoCorp, Blume Ventures, BlackSoil, Trifecta Capital, Innoven Capital, Alteria Capital
Past round (Series D): ₹638.00 Cr. ($ 74.59 Mn), 2025-05-19. Investors: Hero MotoCorp, British International Investment (BII)
Past round (Series D): ₹525.00 Cr. ($ 61.43 Mn), 2025-03-21. Investors: Hero MotoCorp
Past round: $ 20.00 Mn (₹173.12 Cr.), 2025-01-16. Investors: responsAbility Investments AG
Past round (Series C): $ 24.00 Mn (₹200.21 Cr.), 2024-05-29. Investors: Piramal Alternatives
Past round: ₹120.00 Cr. ($ 14.40 Mn), 2023-11-06. Investors: GIC (Singapore’s sovereign fund), British International Investment (BII), Blume Ventures, ADB Ventures, Athera Venture Partners
Past round (Series C): $ 60.00 Mn (₹496.62 Cr.), 2022-10-04. Investors: GIC (Singapore’s sovereign fund), Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures, Moglix
Past round (Series B): $ 5.00 Mn (₹38.26 Cr.), 2022-04-18. Investors: Moglix
Past round: Undisclosed Amount