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Indian Ev Maker Euler Motors Raises Additional $10M

RECENTLY ACQUIREDNov 25, 2021

Amount Raised

$10 Million

Round Type

Funding Round

New DelhiTransportation

Description

Euler Motors has raised an additional $10 million led by the Delhi-based QRG Investments and Holdings today. Euler Motors also plans to further raise $50 million in its Series B round in the coming year.

Quick answer

Euler Motors raised $10 Million in a Funding Round round, dated November 25, 2021. Euler Motors is based in New Delhi, Delhi, India.

How much did Euler Motors raise?
Euler Motors raised $10 Million in a Funding Round round on November 25, 2021.
What does Euler Motors do?
The company plans to utilise these funds to scale up and strengthen its production capacity to deliver the strong order line up for its recently launched HiLoad EV and also prepare to cater to strong demand from the..
Where is Euler Motors based and how big is it?
Euler Motors is based in New Delhi, Delhi, India. Fundz records about 450 employees.
Who are the decision-makers at Euler Motors?
Fundz holds 3 contacts at Euler Motors, including the Founder and CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation around the same time

Companies in the same sectors as Euler Motors that raised within 45 days of this round, from Fundz verified event records.

  • Transportation And Logistics Systems raised $6.2M (Funding Round) on January 3, 2022.
  • Transigo raised $70M (Funding Round) on December 29, 2021.
  • RushOwl raised $650K (Seed) on December 27, 2021.
  • Hertz Global Holdings raised an undisclosed amount (Series A) on December 22, 2021.
  • Rapido raised an undisclosed amount (Funding Round) on December 22, 2021.
  • Stoke Space raised $65M on December 21, 2021.

Who to call at Euler Motors, and when

A new round usually means Euler Motors is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Euler Motors raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Euler Motors, from your own LinkedIn network

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Company Information

Company

Euler Motors

Location

New Delhi, Delhi, India

About

The company plans to utilise these funds to scale up and strengthen its production capacity to deliver the strong order line up for its recently launched HiLoad EV and also prepare to cater to strong demand from the retail segment. The company already has a 2,500 order line up, which is expected to reach 4500 in the next one year. The company recently launched three-wheeler cargo, HiLoad EV in the cargo segment (including ICE). Euler Motors has a network of 200+ charging stations in Delhi NCR to support electric vehicles on ground; it has now introduced multiple charging systems.

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Related People

3 contacts
Verified contactsSaurav K., Founder and CEO hiddenSee plans and pricing
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Euler Motors raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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