Euler Motors has raised an additional $10 million led by the Delhi-based QRG Investments and Holdings today. Euler Motors also plans to further raise $50 million in its Series B round in the coming year.

The company plans to utilise these funds to scale up and strengthen its production capacity to deliver the strong order line up for its recently launched HiLoad EV and also prepare to cater to strong demand from the retail segment. The company already has a 2,500 order line up, which is expected to reach 4500 in the next one year. The company recently launched three-wheeler cargo, HiLoad EV in the cargo segment (including ICE). Euler Motors has a network of 200+ charging stations in Delhi NCR to support electric vehicles on ground; it has now introduced multiple charging systems.

Indian Ev Maker Euler Motors Raises Additional $10M

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Indian Ev Maker Euler Motors Raises Additional $10M

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