Euler Motors Secures Rs 437.5 Cr in Funding, Eyes Expansion

• Electric commercial vehicle maker Euler Motors raised Rs 437.5 crore (USD 47 million) in a funding round.
• The Series E round was led by Lightrock, with participation from existing investors Hero MotoCorp and Blume Ventures.
• Additional Rs 250 crore in debt funding came from BlackSoil, Trifecta, InnoVen, and Alteria Capital.
• Proceeds will support product line expansion, manufacturing capacity, network scaling across India, and market share growth in commercial EV segment.
• Total capital raised by Euler Motors to date stands at approximately Rs 1,900 crore (USD 229 million).