Euler Motors raised $60 million in Series C led by Singapore’s sovereign fund GIC

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Euler Motors, a startup that designs and builds commercial electric vehicles, raised $60 million in Series C led by Singapore’s sovereign fund GIC where Blume Ventures, Athera Venture Partners, QRG, ADB Ventures and Moglix also participated.

Long before the Olas of the world attempted to build an electric bike that occasionally caught fire, Euler Motors tested hundreds of prototypes and logged millions of miles to see if they could withstand the conditions of Indian roads and extreme temperature ranges. The result is the HiLoad EV, an electric cargo three-wheeler with several industry firsts, including a payload capacity of 688 kg (1516 pound). It is powered by a 12.4 KWh liquid-cooled battery pack that takes up to four hours to charge but supports fast-charging to deliver 50 kilometres in 15 minutes.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Euler Motors raised $60 million in Series C led by Singapore’s sovereign fund GIC

Euler Motors, a startup that designs and builds commercial electric vehicles, raised $60 million in Series C led by Singapore’s sovereign fund GIC where Blume Ventures, Athera Venture Partners, QRG, ADB Ventures and Moglix also participated.

Long before the Olas of the world attempted to build an electric bike that occasionally caught fire, Euler Motors tested hundreds of prototypes and logged millions of miles to see if they could withstand the conditions of Indian roads and extreme temperature ranges. The result is the HiLoad EV, an electric cargo three-wheeler with several industry firsts, including a payload capacity of 688 kg (1516 pound). It is powered by a 12.4 KWh liquid-cooled battery pack that takes up to four hours to charge but supports fast-charging to deliver 50 kilometres in 15 minutes.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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