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Electric commercial vehicle maker Euler Motors has raised ₹437.5 Cr ($47 Mn) in a Series E funding round led by new investor Lightrock, with participation from existing investors Hero MotoCorp and Blume Ventures. Alongside the equity infusion, the startup has also secured about ₹250 Cr ($26.6 Mn) in debt from BlackSoil, Trifecta Capital, InnoVen Capital and Alteria Capital.
The startup said that the fresh capital will support its next phase of growth, where it will focus on expanding its…
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Electric commercial vehicle maker Euler Motors has raised ₹437.5 Cr ($47 Mn) in a Series E funding round led by new investor Lightrock, with participation from existing investors Hero MotoCorp and Blume Ventures. Alongside the equity infusion, the startup has also secured about ₹250 Cr ($26.6 Mn) in debt from BlackSoil, Trifecta Capital, InnoVen Capital and Alteria Capital.
The startup said that the fresh capital will support its next phase of growth, where it will focus on expanding its…
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.
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