Cargo vehicles for working fleets
Euler designs three- and four-wheel cargo vehicles for delivery and logistics operators. Battery engineering and fleet support sit alongside vehicle manufacturing, supporting the day-to-day use of electric vehicles on commercial routes.
Two components of the financing
The announcement combines ₹437.5 crore of Series E equity with ₹250 crore of debt. Lightrock leads the equity alongside Hero MotoCorp and Blume Ventures; BlackSoil, Trifecta, InnoVen and Alteria Capital provide the debt.
Where the funding goes
- Product and manufacturing capacity
- Sales and service network expansion in India