Euler Motors has raised ₹437.5 crore in fresh funding to accelerate its growth, with a focus on expanding its product portfolio and strengthening operations.
The funding is part of a Series E round led by Lightrock, with participation from existing investors including Hero MotoCorp and Blume Ventures. The round also includes ₹250 crore in debt financing, taking the total fundraise to ₹687.5 crore.
The company plans to deploy the capital to increase manufacturing capacity, expand its network, and invest in core operational capabilities. A key priority will be broadening its product offerings to strengthen its position in India’s commercial EV segment.
Founded in 2018, Euler Motors focuses on electric commercial vehicles for last-mile logistics, including e-commerce and hyperlocal delivery. It is also expanding into higher-payload cargo vehicles, where electrification offers stronger economic benefits.
The funding reflects growing investor confidence in the company’s growth trajectory and its role in India’s evolving electric mobility ecosystem. With this round, Euler Motors has raised around ₹1,900 crore to date.
Euler Motors has been expanding across multiple cities while strengthening its manufacturing and service infrastructure. It continues to build its presence in the commercial EV market, supported by new product launches and network expansion.
The development comes as demand for electric commercial vehicles rises, driven by the growth of logistics and delivery services, along with a stronger push toward sustainable mobility.
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