# Euler Motors

> Euler Motors is a New Delhi-based electric commercial vehicle maker building cargo three-wheelers and light four-wheeler trucks for India's last-mile logistics. Founded in 2018 by Saurav Kumar, the company designs its own powertrains and batteries in-house, manufactures at a Palwal, Haryana facility, and sells flagship products like the HiLoad EV three-wheeler and the Storm EV light truck to e-commerce, hyperlocal delivery, and logistics fleets. Backed by Hero MotoCorp, GIC, British International Investment and Lightrock, it has put more than 15,000 vehicles on Indian roads.

- **Founded:** 2018
- **Headquarters:** New Delhi, India
- **Founders:** Saurav Kumar (Founder & CEO)
- **Team size:** ~1,500 employees
- **Products:** HiLoad EV, Storm EV (T1250 / LongRange 200), Turbo
- **Notable:** Storm EV named 'EV of the Year' at the Apollo CV Awards, More than 15,000 vehicles on Indian roads, including 10,000+ electric three-wheelers, Claims ~22% market share in India's electric four-wheeler cargo segment (second-largest player)

## Products & services

- **HiLoad EV** — Flagship electric cargo three-wheeler launched in 2021, with a 13 kWh liquid-cooled battery using ArcReactor technology, ~688 kg payload and a real-world range of roughly 110-170 km.
- **Storm EV (T1250 / LongRange 200)** — Light four-wheeler electric cargo truck, marketed as India's first four-wheeler LCV with ADAS. Payload ~1,250 kg, real-world range of 140-200 km, CCS fast charging, 10.2-inch infotainment and three drive modes (Range, Thunder, Rhino).
- **Turbo** — Electric mini truck priced around Rs 5.99 lakh, offering a certified one-tonne payload, 140-200 km real-world range and fast charging.

## Achievements

- Storm EV named 'EV of the Year' at the Apollo CV Awards
- More than 15,000 vehicles on Indian roads, including 10,000+ electric three-wheelers
- Claims ~22% market share in India's electric four-wheeler cargo segment (second-largest player)
- Built a five-lakh-sq-ft R&D and manufacturing facility in Palwal, Haryana with 36,000-vehicle annual capacity
- Raised over Rs 1,900 crore (~$229M) cumulatively from marquee investors
- Storm EV launched as India's first four-wheeler LCV with ADAS features

## Latest updates

- **2026-03** — Raised Rs 437.5 crore (~$47M) Series E led by Lightrock, plus Rs 250 crore in debt, to expand product portfolio, capacity and localisation.
- **2025-09** — Founder set a target of around Rs 400 crore revenue in FY26 alongside new electric CV launches.
- **2025** — Closed Rs 638 crore (~$75M) Series D led by Hero MotoCorp with British International Investment.

## Links

- Website: https://eulermotors.com
- LinkedIn: http://www.linkedin.com/company/eulermotors
- Twitter/X: https://twitter.com/Euler_Motors
- YouTube: https://youtube.com/c/EulerMotors
- Instagram: https://instagram.com/eulermotors/
- Facebook: https://www.facebook.com/eulermotors

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Profile page: https://yespress.io/euler-motors
Published by YesPress — https://yespress.io
Last updated: 2026-06-15