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Electric vehicle startup Euler Motors raised $10 Mn as a part of Series B led by its QRG Holdings


Electric vehicle startup Euler Motors raised $10 million as a part of Series B led by its QRG Holdings where ADB Ventures, Inventus Capital, and Blume Ventures also participated.


Euler is focused on sustainable last mile transport through light electric commercial vehicles. The startup intends to use the new funding to establish a new factory in the Delhi NCR region in order to increase its production capacity. Euler Motors plans to increase its monthly production capacity from 100 to 1,000. Euler Motors manages a network of over 200 charging infrastructure in Delhi-NCR to support electric vehicles on the ground.

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