Euler Motors raises Rs 2 billion in series C financing

Euler Motors has raised Rs 2 billion in its Series C financing round, taking the total financing raised so far to Rs 5.7 million. The round was spearheaded by internal investors British International Investment and Blume Venture, and new investor Piramal Alternatives India Access Fund. The newly secured funds will be utilised to expand its national presence and enhance service infrastructure. The funding will also support the company’s strategic initiatives such as product development, launch of new variants, improvement in technological capabilities, and research and development efforts.