Euler Motors raises Rs 20 cr in Series-A round led by Inventus Capital

A first of its kind funding in the Electric Vehicles space during the testing times of Covid-19 pandemic

Euler Motors, an automotive technology start-up focused on commercial Electric Vehicles (EVs), has raised Rs 20 crore as a part of its ongoing Series-A funding led by the Inventus Capital India. 

The other investors in this round of funding include Blume Ventures, Singapore=based Jetty Ventures India Investments, and Udaan’s co-founder Sujeet Kumar. 

Earlier, as part of its pre-series-A round, the company had raised Rs 15 crore from Blume Venture, US-based Emergent Ventures and Andrew Lee. With this series-A, Euler Motors has so far raised more than Rs 35 crore.

Saurav Kumar, Founder & CEO, Euler Motors said, Euler Motors wants to accelerate the