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 New Delhi, India, and founded in 2018 by CEO Saurav Kumar, Euler Motors Private Limited operates as an automotive technology company that designs and develops commercial electric vehicles. In March 2026, Euler Motors Private Limited raised INR 4. 37 billion in series E funding led by Lightrock, with participation from Hero Motors Limited and Blume Ventures. This round was a larger part of INR 6.
87 billion Series E and Venture Debt funding. Euler Motors offers 3-wheeler and 4-wheeler electric vehicles along with driver and mechanic training, software stack, charging station, vehicle servicing and field assistance. In addition, the company leases vehicles including services like servicing infrastructure and charging network. As of January 2026, the company has around 275 charging stations in India.
The company plans to 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 - 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%) | - | - | - |
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