Euler Motors is gearing up to raise Rs 220 crore, around $25 million, through a debt round to be executed in one or more tranches. The HeroMoto Corp-backed firm is seeking this debt infusion nine months after raising Rs 638 crore in its Series D round.
According to regulatory filings accessed from the Registrar of Companies (RoC), the company is raising Rs 105 crore (approximately $11.6 million) in its first tranche through non-convertible debentures. The round is being led by BlackSoil Capital, with participation from Trifecta Venture.
For this, the…

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