Euler Motors Private Limited
Electric Vehicles · Electric Commercial Vehicles (Last-Mile Cargo)
Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.
Indicative private-market reference — not an exchange quote. Not investment advice.
- Implied valuation
- Not available
- Revenue growth
- Not disclosed
- EBITDA margin
- Not disclosed
- Prospera Score
- Not yet scored
What the market says, and what we know.
Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.
No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.
- Research Universe — availableCatalogued as a strategically relevant private-market company.
- Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
- Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
- Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Indicative Private-Market Price History
Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.
Price history not available. No dated third-party quotes have been sourced for this company yet.
The business, in plain English.
Assembled only from records that exist for this company. Anything not disclosed says so.
- Founded
- 2018
- Headquarters
- New Delhi
- Sector
- Electric Vehicles · Electric Commercial Vehicles (Last-Mile Cargo)
- Promoters
- Saurav Kumar
What it does
Euler Motors was founded by Saurav Kumar in 2018 to design and manufacture electric commercial vehicles for urban last-mile logistics and cargo movement. Its flagship HiLoad EV three/four-wheeler cargo vehicles are sold to fleet operators and delivery businesses, and the company claims a leading share of India's electric four-wheeler cargo vehicle segment. Euler earns revenue from vehicle sales and after-sales service through an expanding network of retail and service outlets across Indian cities.
Source: Euler Motors (company website)Why it matters
Competes with Tata Motors' Ace EV, Mahindra's Treo/Zor range, Piaggio and Altigreen in India's electric commercial cargo vehicle segment.
Source: Not attributedOwnership structure
Founder-led with institutional ownership spread across investors including Hero MotoCorp, Lightrock, Blume Ventures, and lenders BlackSoil, Trifecta, InnoVen and Alteria Capital across multiple equity and debt rounds.
Promoters & principal holders: Saurav Kumar
Private-market context
Unlisted, venture-funded growth-stage company
What to understand before investing
- Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
- Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
- An expected IPO may be delayed, repriced or never happen at all.
- A good company can still be a poor investment at the wrong valuation.
Research is not yet complete for this company.
We would rather say that plainly than publish a page that looks finished.
No financials, no implied valuation and no peer comparison have been researched for this company yet.
No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.
What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.
What could go wrong.
Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.
Regulatory
1 recorded riskDemand for electric commercial vehicles in India remains significantly dependent on central and state government purchase subsidies and incentive schemes, exposing Euler's growth trajectory to policy changes
Source: Industry commentary on India's EV subsidy-dependent commercial vehicle marketWhat's happened, and why it matters.
Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.
- Fundraising1 Mar 2026
Series E round led by Lightrock with Hero MotoCorp participation
Brought in strategic backing from India's largest two-wheeler maker, Hero MotoCorp, alongside fresh institutional capital to fund manufacturing capacity expansion
Source: EVreporter
Everything traceable.
Every figure on this page comes from one of the records below. Where a source published a link, it is here.
| Field | Source | As of |
|---|---|---|
| Business Description | Euler Motors (company website) | Not disclosed |
| Competitive Position | Not attributed | Not disclosed |
Interested in Euler Motors Private Limited?
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We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.