Euler Motors has raised Rs 2 billion in its Series C financing round. This round took the total financing raised to Rs 5.7 million so far. The round was spearheaded by internal investors (British International Investment, Blume Venture) and new investor Piramal Alternatives India Access Fund.
The newly secured funds will be utilised to broaden its national presence and enhance service infrastructure. The funding will also back the company’s strategic initiatives, such as product development, launching new variants, improving technological capabilities, and speeding up research and development efforts. Furthermore, the company plans to operate in over 40 cities by 2025.
