Electric commercial vehicle maker ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/euler-motors” target=”_blank”>Euler Motors has raised Rs 638 crore in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/series-d-funding” target=”_blank”>Series D funding. The round was led by rel=”dofollow” href=”https://economictimes.indiatimes.com/hero-motocorp-ltd/stocks/companyid-13636.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Hero MotoCorp, marking the two-wheeler giant’s entry in the electric three- and four-wheeler space. Existing investor British International Investment (BII), the UK government’s development finance arm, also participated in the round.
The fresh capital will be deployed to expand the company’s nationwide sales and service footprint and ramp up new product development.
This brings Euler’s total funding to date to about Rs 1,420 crore,…
