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Euler Motors Reviews

New Delhi

5.0/ 5

1 review

Euler Motors Private Limited is an automotive technology startup based in New Delhi, India, specializing in the design, manufacturing, and deployment of electric commercial vehicles, particularly targeted at last-mile logistics, e-commerce, and third-party logistics (3PL) players. Founded in 2015 by Saurav Kumar, a computer science engineer with a background in robotics, the company was established with the vision of accelerating India's transition to sustainable mobility by creating an integrated, ecosystem-led EV technology platform rather than acting as a traditional vehicle manufacturer. The company's flagship product is the Euler HiLoad EV, an electric cargo three-wheeler designed specifically to handle the demands of Indian road conditions and heavy payloads. It features a 13 kWh liquid-cooled battery pack equipped with ArcReactor technology, delivering a real-world range of approximately 110 to 120 kilometers and a peak torque of 88.55 Nm. Crucially for commercial operations, the HiLoad EV provides a segment-leading payload capacity of 688 kg and supports fast-charging capabilities that can supply a 50 km driving range in 15 minutes. Beyond manufacturing, Euler Motors offers a Total Cost of Ownership (TCO) calculator tool to help fleet owners assess profitability against conventional diesel vehicles, and provides proprietary software like the Shepherd application for real-time fleet tracking, charging status monitoring, and predictive maintenance alerts. To support its vehicle lineup, Euler Motors has deployed a robust charging infrastructure that includes over 275 charging stations across major urban areas such as Delhi NCR, Bangalore, Hyderabad, Chandigarh, and Pune. This setup features overnight at-home charging units, public stations, and a "Charge on Wheels" 24/7 mobile roadside assistance service. The startup’s integrated "mobility as a service" model has enabled it to secure major corporate partnerships with leading e-commerce and logistics brands, including Flipkart, BigBasket, and Udaan, leading to an aggregate order book exceeding 10,000 units. Cumulatively, the company has sold over 10,000 units that have driven more than 52 crore kilometers. Financially, Euler Motors is a venture-backed private unlisted entity that has raised approximately $254 million across 15 funding rounds, with its latest funding being a $27.1 million round closed in March 2026. The company is backed by a diverse base of 32 institutional investors and 22 angel investors, including prominent names such as Lightrock, Hero MotoCorp, BlackSoil Capital, and Caladium Investment. For the fiscal year ending March 31, 2026 (FY26), Euler Motors reported an operating revenue of INR 402 crore, representing a 110% year-on-year growth, alongside a net loss of INR 308 crore. The company currently employs an active workforce of over 730 personnel under the ongoing leadership of CEO Saurav Kumar.