EV startup Euler Motors announced it has raised $60 million in funding led by Singapore’s sovereign wealth fund GIC. Moglix, Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, and ADB Ventures also participated in the funding round. Euler builds three-wheeler commercial vehicles for its partner companies to use for their logistics requirements. The…
The Asian Development Bank’s (ADB) new venture arm, ADB Ventures, has announced its first two investments. Euler Motors has raised $9.4 million in Series A funding with participation by ADB Ventures, Blume, Inventus, and other investors. Smart Joules has raised $4.1 million in its Series A financing led by Sangam and ADB Ventures. Max I.…
Electric vehicle start-up based in New Delhi, Euler Motors has raised $2.6 Million in its ongoing funding round. The round saw participation from venture arm of Asian Development Bank and existing investor Blume Ventures. Speaking on the investment, Saurav Kumar, Founder and CEO, Euler Motors, said, “ADB Ventures’ investment in Euler Motors signals a growing…
New Delhi-based electric vehicle start-up Euler Motors recently announced that it has raised ₹20 Crores through its ongoing series A funding round. The fundraiser was led by Inventus Capital along with other participants. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.…
Euler Motors Pvt. Ltd, a New Delhi-based automotive tech startup, announced that it has raised Rs 12.5 crore in its Series A round of funding led by an early-stage investor Inventus Capital Partners, according to a VCCircle report. Other investors that took part in the funding round include Jetty Ventures and Sujeet Kumar, co-founder of…