Posts tagged Euler Motors
Euler Motors secures $20 mn in debt funding from responsAbility Investments
Euler Motors secures $20 mn in debt funding from responsAbility Investments

We are excited to announce that Euler Motors, one of our portfolio companies and a leader in the commercial electric vehicle (EV) segment, has successfully secured $20 million in debt funding from responsAbility Investments, a globally renowned impact investment firm.

This funding will enable Euler Motors to scale its operations, enhance manufacturing capacity, and accelerate the adoption of sustainable mobility solutions in India. The investment underscores responsAbility’s commitment to supporting innovative businesses driving environmental and social impact.

Euler Motors continues to demonstrate strong market leadership with its cutting-edge EV technology, robust performance, and commitment to decarbonizing last-mile logistics. This milestone brings the company closer to its vision of creating a cleaner and more sustainable future for transportation.

Congratulations to the team at Euler Motors for this significant achievement!

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PressGreen Frontier CapitalGreen Frontier Capital, Source: Business Standard, Euler Motors
Euler Motors Launched Storm EV Cargo Vehicles For Intercity & Intracity Transport
Euler Motors Launched Storm EV Cargo Vehicles For Intercity & Intracity Transport

Thrilled to see our portfolio company, Euler Motors, launch the all-new STORM EV! Under the leadership of Saurav Kumar, this innovative 4-wheeler cargo vehicle is set to redefine the logistics industry with its cutting-edge features and exceptional performance. We believe the STORM EV will empower businesses to enhance efficiency and drive profitability. Congratulations to the Euler team on this exciting milestone!

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PressGreen Frontier CapitalEuler Motors, Green Frontier Capital, Source: Times of India
Magenta Mobility, Euler Motor extend partnership
Magenta Mobility, Euler Motor extend partnership

The Press Trust of India reports: MUMBAI – Electric mobility firm Magenta Mobility and commercial electric vehicles maker Euler Motor on Thursday said they were extending their four-year-old partnership, under which Magenta will procure an additional 2,000 cargo e-three-wheeler HiLoad of the latter. This comes on the back of deliveries of 500 such vehicles to Magenta, as per a statement. The Electric Vehicles (EVs) for the new order will be manufactured at Euler Motors' Palwal manufacturing hub and are expected to be delivered in the next 18 months, it said.

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PressGreen Frontier CapitalEuler Motors, Green Frontier Capital, Source: Press Trust of India
To accelerate energy transition, commercial EVs need to deliver value: Euler Motors CEO
To accelerate energy transition, commercial EVs need to deliver value: Euler Motors CEO

Aggam Walia reports for The Indian Express: In an interview with Aggam Walia, Kumar, who is also CEO at Euler, Mr. Humar spoke about the company's journey thus far, the scope for alternative fuels for cargo-carrying vehicles, technologies to improve electric vehicles (EV’s) battery longevity, and expectations from the government’s FAME subsidy.

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PressGreen Frontier CapitalGreen Frontier Capital, Euler Motors, Source: The Indian Express
Euler Motors raises Rs 120 crore from BII, Blume Ventures and Green Frontier Capital and others in Series-C extension round
Euler Motors raises Rs 120 crore from BII, Blume Ventures and Green Frontier Capital and others in Series-C extension round

Euler Motors, an electric three-wheeler company has successfully raised Rs 120 crore in its ongoing series-C extension round. The round sees a commitment from British International Investment (BII), the UK Government’s development finance institution and impact investor.

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PressGreen Frontier CapitalEuler Motors, Source: Express Mobility, Green Frontier Capital