[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-euler-motors-secures-inr-120-crore-in-series-c-extension-round":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fzgh9HMZBeog6YYmi6_wf9F1_8E0448vNEX9r4SOC_2g":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$flyRSpjhyVE29pqjd-DzWtoRwNGPXrTq6WJDGSvhczcc":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},707,"Euler Motors Secures INR 120 Crore in Series-C Extension Round","euler-motors-secures-inr-120-crore-in-series-c-extension-round","Euler Motors secures INR 120 crore in Series-C funding to scale its pan-India EV expansion, charging networks, and commercial cargo vehicle production.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FNovember2023\u002Feuler1.jpeg\" alt=\"\" width=\"353\" height=\"353\">Euler Motors, an electric vehicle company, successfully raised INR 120 crore in the ongoing series-C extension round. The round sees a commitment from British International Investment (BII), the UK Government’s development finance institution, and an impact investor. BII is co-investing with Blume Ventures, in support of electric mobility and the green energy transition in India.\u003C\u002Fp>\r\n\u003Cp>The company also welcomes Green Frontier Capital, India’s first investment firm focused on growth companies delivering breakthrough innovation in green industries. The existing investors, Athera Venture Partners, ADB Ventures, Blume Ventures, Alteria Capital, GIC Singapore, and QRG Holdings, have also reiterated their commitment in Euler Motors’ strong growth and business trajectory with their participation in this round.\u003C\u002Fp>\r\n\u003Cp>The extension round brings the tally of total investments to about INR 690 crore. The capital raised in this round will be strategically deployed to drive Euler Motors’ pan-India expansion initiatives, as it plans to enter 40 cities by the end of FY 2023-24. The additional funds will also enable the company to reinforce its service and charging network nationwide to further facilitate the adoption of electric vehicles across the country.\u003C\u002Fp>\r\n\u003Cp>Euler Motors is a growing company and is focused on building partnerships with like-minded visionaries who share its goal of promoting EV adoption. Over the next year, the company plans to raise funds as needed to execute its plan to scale up production, presence, and services while setting its sights on the global market.\u003C\u002Fp>\r\n\u003Cp>Since its genesis in 2018, Euler Motors has been enabling sustainable mobility, with its commercial electric vehicles having collectively transported goods over 45 million kilometers. Throughout economic challenges, the company has maintained its focus on sustainable growth, drawing the attention of global investors who acknowledge the immense potential of Euler Motors’ HiLoad vehicle. The company continues to drive innovation, deliver customer satisfaction, post robust sales, and expand markets, positively transforming the automotive industry.\u003C\u002Fp>\r\n\u003Cp>Euler Motors has been forging on with a vision of building innovative and technologically superior electric vehicles for commercial mobility. The company’s standout product, the new HiLoad EV, is India’s most powerful electric cargo three-wheeler, with the industry’s highest 13 (12.96) kWh battery pack, 170 km ARAI-certified range (Real RangeTM 100-120 km), and a 30 percent higher payload capacity (688 kg), with a proprietary liquid-cooled battery. Over the years, the company has offered immense value through innovation, cutting-edge batteries, and customer support. The company continues to expand access to the EV ecosystem via charging infrastructure, service, and financing.\u003C\u002Fp>\r\n\u003Cp>Saurav Kumar, Founder & CEO, Euler Motors, commented, “The interest and commitment from our new investors, British International Investment & Green Frontier Capital along with continued support from our internal investors, reaffirm our belief that we are on the right path to becoming the number one commercial vehicle company in India. Their partnership comes at an important time in the world economy and will fuel our journey towards achieving our vision of leading the electric vehicle transformation in India.”\u003C\u002Fp>\r\n\u003Cp>Manav Bansal, Managing Director and Head - India, British International Investment, stated, “Climate finance is a key part of our Indian investment strategy. In total, BII expects to invest US$ 1 billion on climate finance in India between 2022 and 2026. We are delighted to work with Euler Motors on accelerating EV development in India, particularly in the commercial cargo transportation segment. This segment is important, both for job creations and emission reduction, which is in line with our strategic objectives to promote productive, sustainable, and inclusive economic growth.”\u003C\u002Fp>\r\n\u003Cp>Sandiip Bhammer, Managing Partner, Green Frontier Capital, said, “At Green Frontier Capital, we’re deeply committed to fostering a robust climate-tech ecosystem in India by investing in trailblazing companies which offer sustainable solutions with worldwide implications. Our investment in Euler Motors, facilitated by our collaboration with Kumar and his dynamic leadership team, signifies our profound faith in the transformative promise of sustainable technologies targeted from within the mobility sector. We envision Euler Motors’ position as a pre-eminent one in the Electric Commercial Vehicle OEM domain. Venturing into an industry primed for groundbreaking growth, we’re confident in the company’s superior product quality and its strategic market placement. As India (and the rest of the world) strides towards a more sustainable future, we anticipate Euler Motors will shine prominently among our portfolio of innovative leaders, all resonating with our collective aspirations and values.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.eulermotors.com\u003C\u002Fstrong> \u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FNovember2023\u002FltfcLURUiz7QqX6aq0SZ.jpeg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FNovember2023\u002FltfcLURUiz7QqX6aq0SZ.jpeg","2023-11-08T06:35:23+05:30","MWM Desk","News",0,"Euler Motors has secured INR 120 crore in a Series-C extension round to fuel its pan-India expansion.\nThe company plans to enter 40 cities by the end of FY 2023-24 while reinforcing its nationwide service and charging network.\nThe total investment in the EV manufacturer has now reached approximately INR 690 crore to support long-term growth.","Big moves in the Indian EV sector! Euler Motors has successfully secured INR 120 crore in a Series-C extension round, bringing their total investment to INR 690 crore. This fresh capital infusion, backed by British International Investment and Green Frontier Capital, is set to supercharge their pan-India expansion. With plans to hit 40 cities by the end of FY 2023-24 and a heavy focus on reinforcing their service and charging infrastructure, Euler Motors is clearly positioning itself as a dominant force in commercial electric mobility. It’s an exciting time for sustainable logistics as they continue to scale the HiLoad EV and drive the green energy transition across the nation. Congratulations to the team on this major milestone! #ElectricVehicles #CleanTech #InvestmentNews","Huge win for Indian green mobility! Euler Motors raises INR 120 crore to scale its EV commercial cargo network to 40 cities. The move marks a massive step forward for the nation's sustainable logistics ecosystem. #EulerMotors #EVIndia","Big news in the world of EVs! ⚡ Euler Motors just secured a massive INR 120 crore in their latest funding round, bringing their total investment to a staggering INR 690 crore! 🚀 \n\nWhat does this mean for the industry? They’re going big on expansion—aiming for a footprint in 40 cities by the end of the fiscal year! With a focus on strengthening charging infrastructure and scaling up production of their powerful HiLoad cargo vehicles, they are truly paving the way for sustainable logistics in India. 🌏💨\n\nInnovation + Green Energy = The future of transport. Keep an eye on these game-changers! \n\n#EulerMotors #ElectricVehicles #SustainableLogistics #GreenEnergy #EVRevolution #CleanTransport #Innovation",{"title":6,"description":8,"keywords":21},"euler motors, electric vehicles, ev funding, commercial ev, green energy india, series-c funding, sustainable mobility, cargo three-wheelers, indian startups",{"title":23,"slug":24,"imageUrl":25},"Central Vigilance Commissioner Commends Coal India for Commitment to Green Goals","central-vigilance-commissioner-commends-coal-india-for-commitment-to-green-goals","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FNovember2023\u002FyBx7IqFSAuz58a5sC22a.jpeg",{"title":27,"slug":28,"imageUrl":29},"Construction Equipment Industry Poised for 15 percent YoY Growth","construction-equipment-industry-poised-for-15-percent-yoy-growth","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FNovember2023\u002FrcfQXVtKcvVT6Fvp5OGk.jpeg",{"data":31,"links":104,"meta":109},[32,38,44,50,56,62,68,74,80,86,92,98],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},"Membrane Group, Kurita Form JV for Advanced Semiconductor Water Treatment Solutions","membrane-group-kurita-form-jv-for-advanced-semiconductor-water-treatment-solutions","Membrane Group and Kurita Water Industries launch a joint venture to deliver advanced water treatment solutions for India's booming semiconductor and electronics sector.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fmembrane-group-kurita-form-jv-for-advanced-semiconductor-water-treatment-solutions-yVnVR9.jpg","2026-07-15T00:00:49+05:30",{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},"TVH Strengthens Pune Global Capability Centre with New Office Expansion","tvh-strengthens-pune-global-capability-centre-with-new-office-expansion","TVH expands its Pune Global Capability Centre, adding 150 seats to support global engineering, digital, and data operations.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftvh-strengthens-pune-global-capability-centre-with-new-office-expansion-mv2IfH.jpeg","2026-07-14T23:40:57+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"LODD Autonomous’ Hili Marks Arab World First in Autonomous Cargo Aircraft Certification","lodd-autonomous-hili-marks-arab-world-first-in-autonomous-cargo-aircraft-certification","LODD Autonomous launches the UAE's first formal certification program for the Hili cargo UAV, marking a milestone in 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Global","aerolam-group-signs-exclusive-uae-distribution-partnership-with-leminar-global","Aerolam Group partners with Leminar Global for exclusive UAE insulation distribution, boosting HVAC energy efficiency in the region.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Faerolam-group-signs-exclusive-uae-distribution-partnership-with-leminar-global-SUm4wf.jpeg","2026-07-12T22:51:02+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"Havells Expands into Battery Energy Storage with Pixii AS Partnership","havells-expands-into-battery-energy-storage-with-pixii-as-partnership","Havells India enters the battery energy storage market through a strategic partnership with Norway-based Pixii AS to drive clean energy innovation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fhavells-expands-into-battery-energy-storage-with-pixii-as-partnership-eqMcEE.jpeg","2026-07-12T22:41:40+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"Nuvoco Vistas Inaugurates Limla Cement Plant, Expands Western India Footprint","nuvoco-vistas-inaugurates-limla-cement-plant-expands-western-india-footprint","Nuvoco Vistas scales its Western India footprint with the launch of the Limla Cement Plant in Gujarat, targeting 35 MMTPA capacity by 2028.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnuvoco-vistas-inaugurates-limla-cement-plant-expands-western-india-footprint-h8ZbpQ.jpg","2026-07-12T22:17:15+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"Vedanta Targets 500,000 boepd to Support India’s Energy Independence","vedanta-targets-500000-boepd-to-support-indias-energy-independence","Vedanta targets 500,000 boepd to bolster India's energy security and reduce import dependence through domestic exploration and tech.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fvedanta-targets-500000-boepd-to-support-indias-energy-independence-WRgN0L.jpeg","2026-07-12T22:09:37+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"Surya Roshni Invests INR 16 Cr in Captive Solar Power Plants","surya-roshni-invests-inr-16-cr-in-captive-solar-power-plants","Surya Roshni invests INR 16 Cr in captive solar power plants across three facilities, cutting carbon emissions by 4,000 tonnes 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