Euler Motors Secures Rs 6.38 Billion Funding With Hero
ECONOMY & POLICY

Euler Motors Secures Rs 6.38 Billion Funding With Hero

Electric commercial vehicle startup Euler Motors has secured Rs 6.38 billion in its latest Series D funding round, with Hero MotoCorp joining as a key strategic investor. British International Investment, the UK government’s development finance arm, also continued its support.

Euler Motors will use the fresh capital to broaden its national sales and service footprint and accelerate development of new electric vehicle models. This funding arrives as India’s demand for electric commercial transport surges, especially in e-commerce, retail, and last-mile logistics.

Founded in 2018 and based in Delhi, Euler Motors offers products like the HiLoad EV, an electric three-wheeler for cargo, and the StormEV, India’s first light commercial four-wheeler equipped with advanced driver-assistance systems.

Hero MotoCorp’s investment aligns with its long-term sustainability roadmap and expansion into electric three- and four-wheelers. Dr Pawan Munjal, Executive Chairman of Hero MotoCorp, said this opens new opportunities in electric cargo mobility while supporting sustainable innovation.

Euler’s total funding now reaches nearly Rs 14.20 billion, supported by investors including Blume Ventures, Athera Partners, Asian Development Bank Ventures, and Piramal Alternatives. Euler Motors aims to lead India’s commercial EV segment with robust, India-specific vehicles.

Source:FE Business

Electric commercial vehicle startup Euler Motors has secured Rs 6.38 billion in its latest Series D funding round, with Hero MotoCorp joining as a key strategic investor. British International Investment, the UK government’s development finance arm, also continued its support.Euler Motors will use the fresh capital to broaden its national sales and service footprint and accelerate development of new electric vehicle models. This funding arrives as India’s demand for electric commercial transport surges, especially in e-commerce, retail, and last-mile logistics.Founded in 2018 and based in Delhi, Euler Motors offers products like the HiLoad EV, an electric three-wheeler for cargo, and the StormEV, India’s first light commercial four-wheeler equipped with advanced driver-assistance systems.Hero MotoCorp’s investment aligns with its long-term sustainability roadmap and expansion into electric three- and four-wheelers. Dr Pawan Munjal, Executive Chairman of Hero MotoCorp, said this opens new opportunities in electric cargo mobility while supporting sustainable innovation.Euler’s total funding now reaches nearly Rs 14.20 billion, supported by investors including Blume Ventures, Athera Partners, Asian Development Bank Ventures, and Piramal Alternatives. Euler Motors aims to lead India’s commercial EV segment with robust, India-specific vehicles.Source:FE Business

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?