Euler Motors Private Limited
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Euler Motors Private Limited - overview
Established
2018
Location
New Delhi, Delhi, India
Primary Industry
Automobiles, Other Vehicles & Parts
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.
Current Investors
Blume Ventures, Jetty Ventures, Milestone Trusteeship Services
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.eulermotors.com/
Verticals
Electric & Hybrid Vehicles, Manufacturing, Mobile Apps
Company Stage
Series E
Total Amount Raised
Subscriber access only
Euler Motors Private Limited - timeline of key events
Euler Motors Private Limited - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,060,000 | 1,952,000 | 6,788,000 | 16,702,248.4 | 62,781,469 | - | - | - |
| % Revenue Growth (YoY) | - | (5.2%) | 247.7% | 146.1% | 275.9% | - | - | - |
| EBITDA (USD) | (654,487) | (2,247,744) | 4,106,397.1 | (21,025,039.8) | (62,591,518) | - | - | - |
| Operating Income (USD) | (725,111) | (2,306,127) | 3,988,033.7 | (22,091,941.3) | (87,898,077) | - | - | - |
| Operating Margin | (35.2%) | (118.1%) | 58.8% | (132.3%) | (140.0%) | - | - | - |
| % EBITDA Margin | (31.8%) | (115.2%) | 60.5% | (125.9%) | (99.7%) | - | - | - |
| NET Income (USD) | (720,334) | (2,302,839) | 3,716,423.5 | (22,131,054.6) | (86,626,928) | - | - | - |
| % Net Margin | (35.0%) | (118.0%) | 54.7% | (132.5%) | (138.0%) | - | - | - |
Euler Motors Private Limited - employee data
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