Euler Motors Secures ₹437.5 Crore in Series E Funding Led by Lightrock

• Euler Motors, an automotive OEM startup, raised ₹437.5 crore ($47 million) in a Series E funding round led by Lightrock, with participation from Hero MotoCorp and Blume Ventures.
• The company also secured an additional ₹250 crore in debt financing from BlackSoil, Trifecta Capital, InnoVen Capital, and Alteria Capital.
• Total capital raised by Euler Motors to date stands at approximately ₹1,900 crore (USD $229 million).
• The funding will support Euler Motors' expansion of product lines, manufacturing capacity, network across India, and strengthen its position in the commercial EV segment.
• Founded in 2018, Euler Motors specializes in electric commercial vehicles for last-mile logistics, serving e-commerce, hyperlocal delivery, and fleet operations.