Xavier Kong · · 1 min readIndian EV firm secures $27m in GIC-led round
India-based Euler Motors is an automotive technology startup that focuses on light commercial electric mobility vehicles or electric vehicles.
Funding details
- Funding amount: US$27 million
- Lead investors: Caladium Investments (GIC Ventures)
- Other investors: QRG Investments and Holdings (Havells Family Office), Oxy Ventures, Aleria Capital
- Stage: Series B
- Valuation: US$163 million
- Source
More details
Euler MotorsThe company was founded in 2018 by Saurav Kumar. |
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| Stage | Amount (US$) | Investors |
| Pre-series A | 1,980,000 | |
| Series A | 19,450,000 | Athera Venture Partners (Inventus India), Jetty Ventures, ADB Ventures, Blume Ventures, Sujeet Kumar, Inventus Capital Partners, K Ganesh, Udaan, Srinivas Anumolu |
| Series B | 5,000,000 | Moglix |
| Series B | 27,000,000 | Caladium Investments (GIC Ventures), QRG Invest (Havells Family Office), Oxy Ventures, Aleria Capital |
| Total | 53,430,000 | |
Editing by Deepti Sri and Jaclyn Tiu
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