Euler Motors' Strategic Leap Forward

Euler Motors, an innovative electric commercial vehicle maker, has recently announced a significant financial boost. The company has successfully raised up to $20 million in debt funding from responsAbility Investments AG, a renowned impact asset manager with a focus on private market investments. This financial injection is earmarked for scaling up production and advancing R&D for next-generation EV technology, specifically targeting the enhancement of their flagship four-wheeler, the Storm EV, designed to meet the demands of logistics and e-commerce sectors.

Leadership's Vision for the Future

Saurav Kumar, Founder & CEO of Euler Motors, expressed his enthusiasm about the new funding, stating, "This new funding will boost us to scale further, expand our reach and continue delivering sustainable, high-performance solutions that meet India’s unique logistics needs." This statement underscores the company's commitment to innovation and sustainability in the electric vehicle space.

Expert Endorsement

Sameer Tirkar, head of climate infrastructure investments, APAC, at responsAbility, also shared his perspective on the investment, highlighting Euler Motors' potential to drive meaningful progress in the EV sector, particularly within the commercial and logistics domains. "With their focus on innovation and sustainable mobility, Euler Motors is well-positioned to drive meaningful progress in the EV space," Tirkar remarked.