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Euler Motors is an automotive tech startup based out of New Delhi focused on commercial electric vehicles.
Euler Motors wants to accelerate the adoption of commercial electric vehicles by creating a full stack ecosystem with Indian centric EVs, charging and service station networks. The company is focused on first solving last mile logistics for e-commerce and 3PL players. The company has established a network of 100+ charging infrastructure in Delhi NCR for charging 200+ electric vehicles at any point. In May, 2020 Euler Motors raised INR 20 crore as a part of its Series A funding led by Inventus Capital India. Earlier, as part of its pre-series A round, the company had acquired INR 15 crores from Blume Venture, US based Emergent Ventures and Andrew Lee. The company has been working with BigBasket, Udaan and EcomExpress with their prototype vehicles.
Legal Name
:
Euler Motors Private Limited
Headquarters
:
New Delhi, Delhi, India
Founding Date
:
2018
No. of Employees
:
21 to 40
Core Team
:
1.
Saurav Kumar
Founder and CEO
Total Funding
$4.6M
Investors
:
1.
Sujeet Kumar
2.
Inventus Capital Partners
3.
Blume Ventures
4.
British International Investment
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$10M
Series Name
:
SERIES-B
Date
:
22nd Nov 2021
Investors
:
1.
QRG Investments and Holdings
2.
Blume Ventures
3.
Jetty Ventures
4.
Inventus Capital India
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