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Euler Motors

EV & Mobility (Commercial Vehicles)New Delhi, India

Euler Motors is a Delhi-based electric commercial vehicle manufacturer building purpose-built three- and four-wheeler cargo EVs for Indian operating conditions. Rather than retrofitting ICE chassis, it designs vehicles ground-up for heavy payloads and hyperlocal delivery duty cycles, serving e-commerce and logistics fleets.

1StartupFox story
EV & Mobility(Commercial Vehicles)Sector
Mar 2026Latest coverage

Funding

Euler Motors has raised $83M across 2 disclosed rounds, most recently a Series E (equity) in Mar 2026.

$83MRaised
Series E (equity)Latest round · Mar 2026
2Events
Chart appears once 1 more funding round is recorded — below that a chart shows less than the table does.
Mar 2026Series E (equity)$53M (₹437.5 crore)Lightrock (lead), Hero MotoCorp, Blume VenturesStartupFox ↗
Mar 2026Debt (alongside Series E)$30M (₹250 crore)BlackSoil, Trifecta Capital, InnoVen Capital, Alteria CapitalStartupFox ↗

Investor roster

Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.

New · Latest leadLightrock (lead)1 round · 2026
Alteria Capital1 round · 2026
BlackSoil1 round · 2026
Blume Ventures1 round · 2026
Hero MotoCorp1 round · 2026
InnoVen Capital1 round · 2026
Trifecta Capital1 round · 2026
Aggregated automatically from the disclosed rounds above.

Leadership

SKSaurav KumarFounder · CEO

The Euler Motors journey

Mar 2026 · funding
Series E (equity) — $53M, led by Lightrock (lead).
Mar 2026 · funding
Debt (alongside Series E) — $30M, led by BlackSoil.
Mar 2026 · milestone
Total capital raised crosses ~₹1,900 Cr — among the most heavily capitalized Indian commercial EV players; fresh funds to double manufacturing capacity. ↗

The rest of Euler Motors's profile is free

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Latest on Euler Motors

Funding
Euler Motors Raises ₹437.5 Crore in Series E Led by Lightrock to Double Manufacturing Capacity
25 MAR 2026 · 2 MIN READ

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Frequently Asked

What is Euler Motors?

Euler Motors is a Delhi-based electric commercial vehicle manufacturer building purpose-built three- and four-wheeler cargo EVs for Indian operating conditions. Rather than retrofitting ICE chassis, it designs vehicles ground-up for heavy payloads and hyperlocal delivery duty cycles, serving e-commerce and logistics fleets.

Who founded Euler Motors?

Euler Motors is associated with Saurav Kumar.

How much funding has Euler Motors raised?

Euler Motors has raised $83M across 2 disclosed rounds. The most recent was a $53M Series E (equity) in Mar 2026.

Who are Euler Motors's investors?

Disclosed investors in Euler Motors include Lightrock (lead), Hero MotoCorp, Blume Ventures, BlackSoil, Trifecta Capital, InnoVen Capital, Alteria Capital.

What is the latest news on Euler Motors?

The most recent StartupFox coverage is “Euler Motors Raises ₹437.5 Crore in Series E Led by Lightrock to Double Manufacturing Capacity” (25 March 2026). All stories are listed on this page.