Euler Motors
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About Euler Motors
We are an automotive tech startup based out of New Delhi focused on commercial electric vehicles. Inspired by the work done by Tesla, we at Euler Motors committed ourselves to accelerate India's transition to sustainable mobility. Euler aims to become the category leader for cargo transport by driving the Electric Vehicle Revolution in India. We are focused on first solving last mile logistics for E-commerce & 3PL players. To kickstart mass market adoption - Euler is offering the entire "mobility as a service" stack instead of serving just one stage of larger value-chain. This paradigm shift in what was traditionally perceived as the DNA of an OEM has enabled us to work with brands like BigBasket, Blue Dart, Ecom Express and Udaan.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.7/5 based on 203 reviews | 4.2/5 based on 11.6k reviews | 4.1/5 based on 551 reviews | 3.3/5 based on 1.6k reviews |
Highly Rated for | No highly rated category | Job security Skill development Work-life balance | Company culture Skill development Work-life balance | No highly rated category |
Critically Rated for | Job security Promotions | No critically rated category | No critically rated category | Job security Work-life balance Promotions |
Primary Work Policy | Work from office 84% employees reported | Work from office 74% employees reported | Work from office 75% employees reported | Work from office 84% employees reported |
Rating by Women Employees | 3.4 Average rated by 31 women | 4.1 Good rated by 1.2k women | 3.8 Good rated by 77 women | 3.6 Good rated by 145 women |
Rating by Men Employees | 3.8 Good rated by 167 men | 4.2 Good rated by 9.4k men | 4.1 Good rated by 447 men | 3.3 Average rated by 1.3k men |
Job security | 3.1 Average | 4.1 Good | 3.5 Good | 2.6 Poor |
Euler Motors Salaries
Product Support Engineer
Line Engineer
Quality Engineer
Territory Sales Manager
Senior Engineer
Scrum Master
Service Engineer
Design Engineer
Customer Relationship Manager
Mechanical Engineer
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Indian startups raise over $564 million from Jan 13 to Jan 18, 2025; Impetus Technologies tops the list
- Indian startups raised over $564 million in funding between January 13 and January 18, 2025.
- Impetus Technologies topped the list by raising $350 million in funding.
- Other notable funding rounds include Innovaccer raising $275 million, Netradyne raising $90 million, and Foxtale, Euler Motors, and BGauss collectively raising $68.6 million.
- The period also witnessed strategic mergers and acquisitions, with MoEVing acquiring EVonGO.
MoEVing Acquires EVonGO To Strengthen Its EV Fleet Operations
- MoEVing has acquired EVonGO, the mobility arm of Euler Motors, to strengthen its electric vehicle (EV) fleet operations.
- The acquisition will increase MoEVing's fleet by 30% and expand its presence in cities like Delhi-NCR, Bengaluru, and Hyderabad.
- MoEVing will add 300 vehicles from EVonGO's L5 fleet, growing its total fleet to 1,400 vehicles.
- The consolidation in the electric vehicle delivery industry aims to simplify operations and promote growth.
MoEVing acquires Euler Motor’s EVonGO to strengthen fleet operations, expansion
- EV fleet operator MoEVing has acquired EVonGO, the mobility arm of Euler Motors, to strengthen fleet operations and expansion.
- The acquisition is expected to increase MoEVing’s fleet by 30% and expand its presence in cities like Delhi-NCR, Bengaluru, and Hyderabad.
- MoEVing's fleet count of L5 vehicles will reach 1,400 with the addition of EVonGO's fleet of 300 vehicles.
- The deal integrates EVonGO’s existing customer base, team, vehicles, and charging infrastructure into MoEVing’s portfolio.
MoEVing Buys Euler Motors’ Mobility Biz
- EV fleet startup MoEVing has acquired Euler Motors' mobility business EVonGO.
- The acquisition will add 300 new L5 vehicles to MoEVing's fleet and make it the largest commercial electric vehicle fleet operator in India.
- The deal combines EVonGO's fleet with MoEVing's operations, expanding its presence in major cities like Delhi NCR, Bangalore, and Hyderabad.
- MoEVing aims to leverage the synergies between the two companies to set new benchmarks in the EV logistics industry.
Euler Motors Raises $20 Mn In Debt From responsAbility Investments
- Electric vehicle manufacturer Euler Motors has raised $20 Mn in debt from responsAbility Investments AG.
- The funding will be used to scale up production capacity, R&D efforts, and support the growth of Euler Motors' flagship four-wheeler Storm EV.
- Euler Motors aims to increase EV adoption in India and provides electric mini trucks for logistics, commercial mobility, and ecommerce sectors.
- The cleantech sector in India has been gaining traction from investors, with $829 Mn raised across 75 deals in 2020.
Euler Motors secures $20M in debt funding for expansion
- Euler Motors has secured $20 million in debt funding from responsAbility Investments AG to support its expansion plans.
- The funding will be used to ramp up production and distribution networks, enhance research and development capabilities, and develop next-generation technology for commercial electric vehicles (EVs).
- Euler Motors recently closed its Series C funding round, raising an additional Rs 200 crore from investors.
- The company aims to electrify India's commercial vehicle segment and support the growth of its recently launched four-wheeler Storm EV for logistics and ecommerce clients.
Zurich-based responsAbility invests $20 mmillion in India's Euler Motors
- Zurich-based impact asset manager, responsAbility Investments AG, has invested $20 million in India's electric commercial vehicles maker, Euler Motors.
- Euler Motors, founded in 2018, is focused on developing electric commercial vehicles and has established a strong presence in the sector with models like HiLoad EV and Storm EV.
- The funding will support Euler Motors' mission to electrify India's commercial vehicle segment, enable production scaling, and advance research and development for next-generation EV technology.
- The company plans to utilize the funding to develop next-gen technology, enhance vehicle efficiency, and strengthen its after-sales and service network to support wider EV adoption across India.
British International Investment Commits $33.5M to Indian EV Startups
- British International Investment (BII) has committed $33.5 million to support Indian EV startups.
- The investments include $15 million in debt financing for Everest Fleet, $15 million in equity for TI Clean Mobility, and $3.5 million in equity for Vecmocon.
- The funding will be used to expand EV fleets, scale production, enhance R&D, and create job opportunities.
- BII's previous investments in India's EV ecosystem include funding for LoadShare, Euler Motors, Turno, Battery Smart, and ChargeZone.
Euler Motors’ net loss widens to Rs 227 crore in FY24
- Electric commercial vehicle manufacturer Euler Motors reports a net loss of Rs 226.9 crore in FY24.
- Operating revenue increased by 3X to Rs 189 crore in FY24.
- Cost of materials consumed rose by 187% to Rs 198 crore, contributing to a total expense of Rs 420 crore in FY24.
- Euler Motors sold 3,700 vehicles and expanded its presence to 22 cities in FY24.
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