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Euler Motors
Focused on sustainable last mile transport through light electric commercial vehicles
About Euler Motors
Euler Motors is a company focused on the development and manufacturing of electric commercial vehicles, specifically designed for last-mile delivery solutions. The company's flagship product, the Euler HiLoad, is a three-wheeler electric cargo vehicle that boasts a best-in-class payload capacity of 688 kg, a range of 151 km, and a 12.4 kWh battery. The HiLoad features a segment-first liquid-cooled battery pack for efficient thermal management, ensuring optimal performance in various conditions.
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Euler Motors operates primarily in the commercial vehicle market, targeting businesses that require efficient and sustainable transportation solutions for their delivery needs. The company's clients include logistics providers, e-commerce companies, and other businesses that rely on last-mile delivery services.
The business model of Euler Motors revolves around the sale of its electric vehicles, with prices starting from INR 3,78,987. Additionally, the company offers easy financing options through its partners, making it accessible for a broader range of customers. Euler Motors also provides an extensive charging network with over 200 charging points in the Delhi NCR region, along with fast charging options and mobile charging units to ensure uninterrupted service.
Euler Motors generates revenue through the sale of its electric vehicles and related services, such as financing and charging solutions. The company's focus on innovation and sustainability positions it well in the growing market for electric commercial vehicles.
At a glance
- Founded
- 2018
- Headquarters
- New Delhi, India
- Sector
- Transportation
- Power Law
- Colt$25–100M revenue
Research & analysis
Latest news
Press, funding announcements and product moves mentioning Euler Motors.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A10 investors entered at this stage
Inventus Capital
Blume Ventures
Sujeet Kumar
Jetty Ventures
Athera Venture Partners
ADB Ventures- KGK Ganesh
Srinivas Anumolu- QHQRG Investments and Holdings
Moglix
Series B and later10 investors entered at this stage
GIC- ACAleria capital
Oxy Low Carbon Ventures
Green Frontier Capital
British International Investment
Piramal
responsAbility Investments
Hero MotoCorp
Blacksoil
Asian Development Bank
Source: Dealroom Talent Intelligence.
Global footprint
team presence
across markets
Market sentiment
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