Euler Motors Secures INR 638 Crore in Series D Funding Led by Hero MotoCorp and BII
New Delhi, May 2025 — Electric commercial vehicle manufacturer Euler Motors has successfully raised INR 638 crore in its latest Series D funding round, further strengthening its position in India’s rapidly expanding electric vehicle (EV) market. This round was led by Hero MotoCorp and British International Investment (BII), signaling strong investor confidence in Euler’s vision and market traction.
This new funding takes the total capital raised by Euler Motors to approximately INR 1,420 crore.
In March 2025, Hero MotoCorp, India’s largest two-wheeler manufacturer, announced its commitment to invest up to INR 525 crore in Euler Motors. This strategic move secured Hero a 32.5% stake in the company, marking a significant entry into the electric three- and four-wheeler cargo vehicle segment.
Euler Motors, founded by Saurav Kumar, specializes in the production of electric L5 cargo vehicles and electric light commercial vehicles (LCVs). The company is at the forefront of India’s e-mobility transition, especially in last-mile logistics.
Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, emphasized the strategic importance of the investment:
“As we strengthen and diversify our presence in the emerging mobility landscape, this investment allows Hero MotoCorp to venture into a rapidly growing electric three and four-wheeler market, while unlocking adjacent business opportunities and continuing to cement its leadership in the future of sustainable mobility.”
Abhinav Sinha, Managing Director and Head of Technology, Telecoms and Sustainable Industrials at BII, added:
“We are pleased to deepen our partnership with Euler Motors as it scales its operations and brings next-generation EVs to more people in India. Since our initial investment in 2023, Euler Motors has advanced e-mobility adoption and created better jobs.”
The Series D round will enable Euler Motors to scale manufacturing, expand its market presence, and accelerate research and development for next-generation EV platforms tailored to India’s diverse logistics needs.
With EV adoption gaining momentum across India, Euler Motors is positioned to play a pivotal role in reshaping the nation’s commercial transportation sector.
If you are an EV manufacturer (or) EV Dealer (or) EV Supporter who wants to share news related to Electric vehicles on our website, please send an email to crm@electricvehicles.in
For the latest Electric vehicles news,
follow electricvehicles.in on
Twitter, Instagram,Facebook
and our YouTube Channels
English, Hindi,Telugu ,
Bangla , Kannada , Tamil
Post Views:
17
