What They Build
Euler Motors designs and manufactures electric three-wheeler and four-wheeler commercial vehicles, with financing partnerships and after-sales support for logistics and urban freight customers.
Why They Matter
Commercial EVs win on total cost of ownership, uptime, and service depth rather than showroom appeal. Euler matters because it has been tested against institutional fleet customers where vehicle economics are visible every day. The next test is scaling manufacturing and service while keeping fleet reliability high.
Founders
Saurav Kumar
Recent Milestones
- Commercial electric three-wheeler and four-wheeler platforms deployed for last-mile logistics and urban freight
- Series E of Rs 437.5 crore closed in March 2026, led by Lightrock with Hero MotoCorp and Blume Ventures
- Rs 250 crore debt financing raised alongside the Series E
- Cumulative capital raised disclosed at about Rs 1,900 crore
- FY26 revenue on track to roughly double FY25's Rs 191 crore