ReferIndia News EV maker Euler Motors raises Rs 437.5 crore from Lightrock, Hero MotoCorp, others

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EV maker Euler Motors raises Rs 437.5 crore from Lightrock, Hero MotoCorp, others

Published on: March 24, 2026, 6:40 p.m. | Source: The Economic Times

Euler Motors has raised Rs 437.5 crore ($47 million) in a funding round led by Lightrock, with participation from Hero MotoCorp and Blume Ventures. Additionally, the company has secured Rs 250 crore in debt from BlackSoil, Trifecta, InnoVen and Alteria Capital, as it looks to ramp up manufacturing and expand its network.

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