Euler Motors raises Rs 638 Cr in Series D funding round

Euler Motors, a startup focused on the development and manufacturing of commercial electric vehicles, has successfully raised ₹638 crore in its Series D funding round. The company plans to utilize this fresh infusion of capital to significantly scale up its manufacturing capabilities and to further enhance its existing product line of electric three-wheelers. This funding will also support Euler Motors' ongoing efforts in research and development to introduce more advanced and efficient electric vehicles for the commercial transportation sector, contributing to the growing EV ecosystem in India.