New Delhi, Might 19, 2025: Euler Motors, a number one producer of electrical industrial automobiles, nowadays introduced the a hit closure of its Sequence D investment spherical, elevating a complete of INR 638 crore. The fund infusion is led by way of Hero MotoCorp, the arena’s greatest producer of bikes and scooters, at the side of participation from present investor British World Funding (BII), the United Kingdom’s building finance establishment. This newest infusion will probably be instrumental in increasing the corporate’s gross sales and repair community whilst advancing new product building to boost up India’s industrial EV adoption.
The funding comes at a time when Euler Motors is swiftly scaling its operations and strengthening its management within the industrial EV phase. The corporate has noticed robust adoption throughout ecommerce, retail and logistics segments, sponsored by way of a rising portfolio of high-performance electrical automobiles together with the HiLoad EV—India’s maximum tough three-wheeler—and the not too long ago introduced StormEV, the rustic’s first ADAS-equipped four-wheeler Gentle Business Car.
“We’re excited to welcome Hero MotoCorp as a strategic investor in Euler Motors. It is a robust vote of self belief each in India’s industrial electrical mobility long term and in Euler Motors’ execution and merchandise. With this recent capital and strategic backing from new & present traders, we’re poised to boost up our scale, proceed innovating to ship awesome merchandise, and are available a couple of steps nearer in opposition to turning into India’s No. 1 industrial EV emblem.”, stated Saurav Kumar, Founder & CEO, Euler Motors.
Dr. Pawan Munjal, Government Chairman, Hero MotoCorp, stated, “The strategic funding in Euler reinforces our dedication to speeded up expansion thru each natural and inorganic growth, whilst highlighting the facility of collaboration and suppleness in an ever-evolving marketplace. As a world automobile chief, Hero MotoCorp is pushed by way of sustainability, innovation and customer-centric development. As we improve and diversify our presence within the rising mobility panorama, this funding permits Hero MotoCorp to challenge right into a swiftly rising electrical 3 and four-wheeler marketplace, whilst unlocking adjoining trade alternatives and proceeding to cement its management sooner or later of sustainable mobility.”
Abhinav Sinha, Managing Director and Head of Generation, Telecoms and Sustainable Industrials, British World Funding, stated, “We’re happy to deepen our partnership with Euler Motors because it scales its operations and brings next-generation EVs to extra other people in India. Since our preliminary funding in 2023, Euler Motors have complicated e-mobility adoption and created higher jobs. This aligns carefully with our ambition to beef up India’s web 0 emissions goal and allows us to force scalable affect in a sector essential to each financial expansion and environmental development.”
One of the crucial key traders at Euler Motors come with Blume Ventures, Athera Companions, Asian Construction Financial institution Ventures, and Piramal Choices India Get right of entry to Fund. With this spherical, Euler Motors has raised roughly INR 1420 crore so far.
About Euler Motors
Based in 2018, Euler Motors is an automobile OEM thinking about electrical industrial automobiles. The corporate is growing & deploying leading edge generation answers to democratize a swift EV transition, construction EVs which can be designed for India, from India. The corporate’s answers are road-ready, technologically awesome, and competent
that has already proved their mettle throughout Ecommerce and 3PL companies. With their customized made EVs, Euler Motors targets to create awesome possible choices to conventional mobility for mass adoption of electrical automobiles. For extra main points, please discuss with www.eulermotors.com
