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EV Firm Euler Motors Raises ₹1.2 Billion to Fund Expansion Plans

The company will use the funds to enter EV markets in 40 new cities by the end of the financial year.

November 7, 2023

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Electric vehicle (EV) company Euler Motors has raised ₹1.2 billion (~$14.41 million) in an ongoing series-C extension round, taking the tally of total investments to about ₹6.9 billion (~$82.87 million). The raised capital will be used to fund the company’s plans to enter the EV market across 40 cities by the end of this financial year.

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