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 Euler Motors, a prominent electric commercial vehicle manufacturer, recently concluded its Series C funding round by raising an additional INR 200 crore, bringing the total raised to INR 770 crore. The funding was led by internal investors like British International Investment, Blume Ventures, and Piramal Alternatives India Access Fund. In FY24, the company sold 3700 vehicles and expanded its presence from 5 to 22 cities. The company plans to utilize the fresh capital infusion to further expand its presence across India and enhance its servicing infrastructure, aiming to establish a presence in over 40 cities by FY25. The focus will also be on driving product development, introducing new variants, enhancing technological capabilities, and accelerating R&D efforts to consolidate its market position. Euler Motors aims to become India's top electric commercial vehicle brand and increase its market share significantly. Saurav Kumar, the founder & CEO of Euler Motors, expressed gratitude towards both existing and new investors, highlighting the company's growth trajectory over the past years and its commitment to leading the transition to commercial EVs in India. The company's flagship product, the HiLoad EV, is recognized for its powerful performance, long-range, high payload capacity, liquid-cooled battery, and inbuilt fast charging feature. The funding round's success and the trust of investors are expected to pave the way for Euler Motors' accelerated growth and market expansion, aligning with the broader trend towards sustainable transportation solutions in India.  Follow Humans Of EV #electricmobility #evcharging #innovation #humansofev #electric #ev #electricvehicles #electricscooter #electriccars #electricbike #ebike #zeroemissions #emobility #charginginfrastructure #escooters #cars #electricmobility #teslamotors #car #scooter #gogreen #carsofinstagram #model #ecofriendly #goelectric #evnews #electriccharging #evcharginginfrastructure #chargingstation #eulermotors

Exciting News from Euler Motors! Euler Motors, a leading electric three-wheeler manufacturer, has secured a remarkable Rs 200 crore ($24 million) in an extended funding round, spearheaded by Piramal Alternatives India Access Fund. This funding, which marks a total of Rs 570 crore ($68 million) raised in the latest round, underscores the confidence of both new and existing investors in Euler Motors' vision and capabilities. With a strategic focus on becoming India's foremost electric commercial vehicle brand, Euler Motors aims to leverage this fresh capital infusion to expand its footprint to 40 cities by FY25. Moreover, the investment will fuel product development initiatives and further research and development efforts. "Our goal is to establish Euler Motors as the nation's No. 1 electric commercial vehicle brand, driven by our robust products and top-notch services," said Saurav Kumar, Founder and CEO of Euler Motors, expressing his enthusiasm about the latest funding round. Euler Motors' expansion plans come on the heels of impressive milestones, including selling 3,700 vehicles and expanding presence from 5 to 22 cities in FY24. With a commitment to innovation and sustainable mobility solutions, Euler Motors is poised for continued success in the evolving electric vehicle landscape. Stay tuned as Euler Motors accelerates towards its mission of reshaping the future of mobility in India! #EulerMotors #ElectricVehicles #SustainableMobility #FundingRound #FutureOfMobility #EVRevolution

Euler Motors, a Delhi-based manufacturer of electric commercial vehicles (e-CVs), has secured an additional $24 million in its Series C funding round, led by new #investor Piramal Alternatives India Access Fund. This latest injection brings their total Series C haul to a substantial $68.6 million, demonstrating strong investor confidence in the company's future. Existing investors, British International Investment and Blume Ventures, also participated in this round, showcasing their continued support for Euler Motors' growth strategy. ● Fueling Expansion Across India: Euler Motors plans to strategically utilize the fresh #funds to establish a robust pan-India presence. Their primary focus will be on expanding their dealership network and service infrastructure across 40 cities by March 2025. This ambitious expansion plan signifies their commitment to making e-CVs accessible and well-supported throughout the country. ● Leading the Charge in Electric Cargo Transportation: Euler Motors boasts a noteworthy achievement its commercial e-CVs have collectively transported goods over 45 million kilometers, a testament to their #reliability and efficiency. Their flagship model, the HiLoad EV, stands out as a frontrunner in the electric cargo three-wheeler segment. With a class-leading range of 170 kilometers, the HiLoad EV empowers businesses to undertake longer deliveries with minimal downtime for charging. ● Navigating a Competitive Landscape: The Indian e-CV market is witnessing significant growth, attracting established players like Mahindra Electric and Piaggio. Additionally, Altigreen poses a strong challenge in the #electric three-wheeler space. Euler Motors acknowledges this competitive landscape and is committed to continuously innovating and improving its product offerings to stay ahead of the curve. ● Strategic Workforce Management: Similar to many startups navigating a tight funding environment, Euler Motors implemented a 10% workforce reduction as a cost-cutting measure. However, despite this strategic decision, the company reports a significant year-on-year #revenue increase from FY22 to FY24. They acknowledge experiencing losses; however, these are primarily attributed to strategic investments in infrastructure development, such as establishing service centers across the country. ● A Promising Future for Electric Mobility: The fresh round of funding strengthens Euler Motors' position as a key player in India's rapidly evolving e-CV market. www.tycoonstory.com #EulerMotors #ElectricVehicles #eCV #SeriesCFunding #PiramalAlternatives #BritishInternationalInvestment #BlumeVentures #ElectricMobility #EVExpansion #GreenTransport #HiLoadEV #SustainableTransport #IndianMarket #CleanEnergy #CommercialEVs #TechInnovation #FutureOfTransport #StartupGrowth #InvestmentNews #EVRevolution Euler Motors Arush Sinha Aishwarya Chaturvedi Abhay Raj Dubey Ravi Gupta Ayaan Javed RAKESH DALAI Rohit Satsangi

Auto industry players are investing heavily in electric vehicles and software-defined vehicles amid cutthroat competition. Roughly half of Toyota’s spending will go toward artificial intelligence, software and other growth areas.

🌟 How could advancements in battery technology redefine the future of electric vehicles? 🚗🔋 General Motors is making waves in the electric vehicle (EV) landscape by partnering with Forge Nano, an innovative materials science startup. With a whopping $10 million investment through GM Ventures, they are set to revolutionize the performance and longevity of EV battery cells. At the heart of this collaboration is Forge Nano's cutting-edge thin coating technology, designed not only to enhance safety but also to significantly extend battery life. This move signals a robust commitment from GM towards sustainable transport solutions and improved user experience for electric vehicle owners. As EV adoption continues to surge globally, initiatives like this highlight the critical role that advanced materials play in innovation within our automotive industry. Are we on the verge of witnessing a dramatic transformation in how batteries perform under varying conditions? What could this mean for your next electric car purchase or even your current EV? This partnership underscores an unstoppable trend toward smarter, safer, and more efficient vehicles. What other innovations do you think will drive changes in EV technology over the next few years? Join us as we explore these pivotal developments together! Ready to connect with startups driving corporate innovation too? Let’s talk! Book a meeting here: https://lnkd.in/dTxGsKrN #ElectricVehicles #BatteryTechnology #Innovation #GM #ForgeNano #SustainableTransport #EVPerformance #CorporateInnovation #TechPartnerships #FutureOfMobility 👉 Read more about this exciting news here: https://lnkd.in/d59HkBFR

🌟 How could advancements in battery technology redefine the future of electric vehicles? 🚗🔋 General Motors is making waves in the electric vehicle (EV) landscape by partnering with Forge Nano, an innovative materials science startup. With a whopping $10 million investment through GM Ventures, they are set to revolutionize the performance and longevity of EV battery cells. At the heart of this collaboration is Forge Nano's cutting-edge thin coating technology, designed not only to enhance safety but also to significantly extend battery life. This move signals a robust commitment from GM towards sustainable transport solutions and improved user experience for electric vehicle owners. As EV adoption continues to surge globally, initiatives like this highlight the critical role that advanced materials play in innovation within our automotive industry. Are we on the verge of witnessing a dramatic transformation in how batteries perform under varying conditions? What could this mean for your next electric car purchase or even your current EV? This partnership underscores an unstoppable trend toward smarter, safer, and more efficient vehicles. What other innovations do you think will drive changes in EV technology over the next few years? Join us as we explore these pivotal developments together! Ready to connect with startups driving corporate innovation too? Let’s talk! Book a meeting here: https://lnkd.in/dFYwmbHq #ElectricVehicles #BatteryTechnology #Innovation #GM #ForgeNano #SustainableTransport #EVPerformance #CorporateInnovation #TechPartnerships #FutureOfMobility 👉 Read more about this exciting news here: https://lnkd.in/d9dc3_WE

The future holds exciting prospects for the development of even more advanced drive motors. From improving thermal management systems to integrating AI for real-time performance optimization, the journey of innovation is far from over.   Top Global Electric Vehicle Drive Motors Industry Players: Siemens Bosch Continental DENSO Magna International BorgWarner Aisin Otomotiv Johnson Electric Nidec Corporation Global Valeo Hitachi Automotive Systems ZF Group Schaeffler Hyundai MOBIS Toshiba Corporation   Know More @ https://lnkd.in/dKR5ypRR   #electricvehicle #drivemotors #evmotors #electricmotors #evtechnology #automotive #engineering #renewableenergy #sustainability #greentechnology #futureoftransportation #electricvehicles #evs #drivetrain #motors #electric #vehicle #technology #innovation #sustainable #green #future #transportation #automotiveindustry #startup #metastatinsight

Smaller firms are driving big changes in the EV revolution! The electric vehicle (EV) market is experiencing a transformative boom, and venture capital firms are taking note. Sales of passenger EVs surged by 91%, and commercial EV sales tripled year-on-year in FY24. This rapid growth has skyrocketed the demand for EV parts, creating a fertile ground for smaller component makers. (Source: ET) Take Indigrid, for example. They started with TV set-top boxes but now produce motor control units and other EV parts. Matel began with solar water pumps and moved into EV parts in FY21. Both recently secured their first institutional funding. These firms are filling gaps left by larger manufacturers, offering full-stack solutions like battery management systems and DC-DC converters. Their agility and specialization allow for quick, cost-effective iterations—something traditional giants struggle with. Despite their smaller scale, they're gaining traction with major OEMs like Hero MotoCorp, Bajaj, and new players like Bounce Electric and Revolt. The EV market's growth is turning their innovation into a competitive edge. What do you think about the role of smaller component makers in the EV boom? Can they outshine the traditional giants with their agility and innovation? Let's discuss! #EVRevolution #VentureCapital #Innovation #ElectricVehicles #StartupGrowth

📊 Excited to share my comprehensive Global Automobile Industry Research Report! The Automobile Industry, a cornerstone of global economies, is at the forefront of innovation, sustainability, and technological advancement. With a rising focus on electric vehicles, connectivity, and autonomous driving, the industry is transforming rapidly. In my presentation, I’ve covered: 1️⃣ Market Overview: Analyzing the current state of the industry. 2️⃣ Trends & Drivers: Identifying key innovation drivers in the automotive sector. 3️⃣ M&A Insights: Highlighting recent mergers and acquisitions shaping the industry. 4️⃣ Porter’s 5 Forces Analysis: Examining the competitive dynamics within the industry. Disclaimer: This report is for educational purposes only. I would like to extend my gratitude to Manoj Kumar Sir, ANKUR GAUR Sir, Dr. Himanshu Jain Sir, Ravi Koul Sir, and IB Institute, Panipat Institute of Engineering and Technology for their support and guidance Follow for more insightful content and analysis! Deepak Kumar #AutomobileIndustry #Research #Finance #IndustryResearch #Analysis #Porter5Forces #Learning #MergersAndAcquisitions #LinkedIn

EV Demand Drops Amid Economic Concerns and Market Challenges US automakers are grappling with plummeting EV demand, exacerbated by inadequate charging infrastructure and a lack of awareness about electric vehicle benefits, as evidenced by the recent struggles of Fisker […] The post EV Demand Drops Amid Economic Concerns and Market Challenges first appeared on USTechTimes - Leading Startup and Technology News in the United States . The post EV Demand Drops Amid Economic Concerns and Market Challenges appeared first on USTechTimes - Leading Startup and Technology News in the United States . https://lnkd.in/gC6V2gev #USTech #Tech