Euler Motors has raised an additional $10 million led by the Delhi-based QRG Investments and Holdings today. Euler Motors also plans to further raise $50 million in its Series B round in the coming year. The company plans to utilise these funds to scale up and strengthen its production capacity to deliver the strong order line up for its recently launched HiLoad EV and also prepare to cater to strong demand from the retail segment. With this, Euler Motors has raised a total of $21.6 million since inception in 2018.

Source: Mint November 22, 2021 23:56 UTC