Euler Motors bags $4 Mn from Inventus, Jetty to bring EV three wheelers to market


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Image Credit: ET Auto

New Delhi-based EV startup Euler Motors has raised INR 30 Cr ($4.1 Mn) as a part of its ongoing Series A round led by existing investor Inventus India and Jetty Ventures. Growth Story’s Srinivas Anumolu and K Ganesh also participated in the round, along with Udaan’s Sujeet Kumar. Euler Motors had raised INR 20 Cr (INR 2.7 Mn) in Series A last May to launch its three-wheeler EV for commercial logistics by the end of 2020.