Social VC Investments
Commercial EV maker Euler secures $20-M from Swiss investor responsAbility
Delhi-based commercial electric vehicle (EV) maker Euler Motors has raised USD 20 million in debt from responsAbility Investments AG.The new funds will help Euler Motors ramp up its production and distribution networks, enhance research and development (R&D) capabilities and support the growth of the recently launched four-wheeler Storm EV for logistics and e-commerce clients.
Between Jan 2019 and Sep 2024, Euler Motors had raised about USD 133 M in debt and equity from Blume Ventures, Ev2 Ventures,ADB, Alteria Capital and others
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