Series E
Euler Motors has raised ₹437 Cr in a Series E round led by Lightrock, with Hero MotoCorp and Blume Ventures participating.
Investorsync desk1 min read
Deal sheet
₹437 Cr
- Stage
- Series E
- Announced
- 26 March 2026
Founded by Saurav Kumar Kumar | 2018
The startup builds electric commercial vehicles for last-mile logistics.
The round also includes ₹250 Cr in debt, taking total funding to ₹687 Cr
Key highlights:
- ~22% market share in electric 4W cargo segment
- Mix of equity + debt to scale
Why this matters:
Commercial EVs are becoming core to India's EV growth.
:
Will commercial EVs dominate India's EV market?
Source: company announcement. First posted on the Investorsync LinkedIn page.
From InvestorDB