# Euler Motors Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/euler-motors-private

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: New Delhi, India
- Website: www.eulermotors.com/
- Total disclosed funding: $136M
- Latest round: Series E (Mar 24, 2026)
- Investors on record: 22

## About

Based in Delhi, India, and founded in 2018, Euler Motors Private Limited operates as an automotive technology company that designs and develops commercial electric vehicles. Saurav Kumar is the CEO of the company. In March 2026, Euler Motors Private Limited raised 6.88 billion in series E and venture debt funding from led by Lightrock, with participation from Hero Motors Limited, Blume Ventures, BlackSoil, Trifecta Capital, InnoVen Capital, and Alteria Capital. Euler Motors offers 3-wheeler electric vehicles along with driver and mechanic training, software stack, charging station, vehicle servicing and field assistance. As of March 2021, the company has deployed approximately 250 3-wheeler electric vehicles to companies including EcomExpress, BigBasket and Udaan for the last-mile delivery requirement. In addition, the company leases vehicles including services like servicing infrastructure and charging network. As of January 2021, the company has around 100 charging stations in the Delhi-NCR region. Euler Motors has generated about USD 1 million in revenue in the fiscal year 2020. The company will use the May 2025 funding for product development. The company will use the March 2026 funding to expand its product line and manufacturing capacity, scale its network across India, and strengthen operational capabilities to support growth in the commercial electric vehicle segment.

## Funding rounds

- Series E, Mar 24, 2026, $47M — Blume Ventures, Lightrock, Hero Motors Limited
- Series C, May 27, 2024, $25M — British International Investment, Piramal Enterprises, Blume Ventures, Trifecta Capital, InnoVen Capital
- Series C, Jul 22, 2023, $13M — GIC, British International Investment, Blume Ventures, Alteria Capital, ADB Ventures, Stride Ventures, Athera Venture Partners, Green Frontier Capital, QRG Investments and Holdings, Caladium Investment PTE LTD.
- Series C, Oct 7, 2022, $29M — GIC, Blume Ventures, Moglix, Alteria Capital, ADB Ventures, Athera Venture Partners, QRG Investments and Holdings, Caladium Investment PTE LTD.
- Series B, Dec 16, 2021, $4.3M — Inventus Capital Partners, Blume Ventures, Jetty Ventures, Milestone Trusteeship Services, ADB Ventures, Kailash Ventures, QRG Investments and Holdings, Sheel Oil & Fats Private Limited
- Series A, Mar 17, 2021, $9.4M — Inventus Capital Partners, Blume Ventures, ADB Ventures
- Series A, Mar 5, 2021, $4.6M — Inventus Capital Partners, Blume Ventures, Jetty Ventures, Milestone Trusteeship Services
- Series A, Jan 29, 2020, $2.8M — Blume Ventures, Jetty Ventures, Milestone Trusteeship Services
- Seed, Feb 28, 2019, $1.9M — Blume Ventures, Milestone Trusteeship Services, Emergent Ventures

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed, Series A, Series B, Series C, Series E
- Milestone Trusteeship Services — Seed, Series A, Series B
- Emergent Ventures (https://capitalatlas.ai/funds/emergent-ventures) — Seed
- Jetty Ventures (https://capitalatlas.ai/funds/jetty-ventures) — Series A, Series B
- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Series A, Series B
- ADB Ventures (https://capitalatlas.ai/funds/adb-ventures) — Series A, Series B, Series C
- Kailash Ventures — Series B
- QRG Investments and Holdings — Series B, Series C
- Sheel Oil & Fats Private Limited — Series B
- GIC — Series C
- Moglix — Series C
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series C
- Athera Venture Partners (https://capitalatlas.ai/funds/athera-venture-partners) — Series C
- Caladium Investment PTE LTD. — Series C
- British International Investment — Series C
- Stride Ventures — Series C
- Green Frontier Capital (https://capitalatlas.ai/funds/green-frontier-capital) — Series C
- Piramal Enterprises (https://capitalatlas.ai/funds/piramal-enterprises) — Series C
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series C
- InnoVen Capital — Series C
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series E
- Hero Motors Limited — Series E