Euler Motors: Driving India’s Green Future with Electric Innovation

Key Highlights

• Euler Motors was founded in 2018 to promote zero-emission commercial transportation in India.

• The HiLoad EV became one of India’s top three-selling electric cargo three-wheelers.

• Over 11 crore km driven by HiLoad users, saving 15,000 tonnes of CO₂ emissions.

• Entered the 4-wheeler small commercial EV segment with ADAS-enabled models.

• Raised USD 82 million in funding; aims to expand from 26 to 40 cities by FY25.

Euler Motors, founded in 2018, is one of India’s fastest-growing electric vehicle (EV) manufacturers, on a mission to reshape the country’s commercial transportation landscape. The company aims to deliver zero-emission mobility solutions, helping India breathe cleaner air while reducing the long-term impact of climate change.

Building the Future of Clean Commercial Mobility

Euler Motors started with a clear vision, to make electric commercial vehicles affordable, powerful, and accessible for Indian businesses. By offering EVs that match internal combustion engine (ICE) vehicles in performance and price, Euler is not just selling vehicles; it is building an entire ecosystem to accelerate EV adoption across India.

The Launch of HiLoad EV: Setting New Industry Standards

In 2021, Euler Motors launched its flagship product, the HiLoad EV, a three-wheeler cargo vehicle designed for Indian roads and diverse weather conditions. This vehicle introduced six industry-leading features, including a superior driving range, higher battery capacity, and greater payload capacity.

One of the most remarkable innovations was the introduction of liquid cooling technology in its battery pack, a first in the commercial EV segment. This technology improved battery performance and longevity, ensuring reliability even under challenging operating conditions.

The HiLoad EV quickly became popular among both institutional and retail customers, achieving a top-three ranking in monthly sales within just two years of its launch.

Sustainability Impact: A Step Toward a Cleaner Tomorrow

Euler Motors customers have already driven the HiLoad EV for over 11 crore kilometres across various Indian cities. This transition to electric mobility has helped reduce nearly 15,000 tonnes of CO₂ emissions, equivalent to saving more than 5.2 lakh trees.

Through this achievement, Euler Motors has not only strengthened its commitment to sustainability but also helped businesses reduce their environmental footprint while improving operational efficiency.

Entering the 4-Wheeler EV Segment: A Bold Next Step

Taking a significant leap forward, Euler Motors has recently entered the small commercial vehicle (SCV) segment with its new 4-wheeler electric vehicles. These vehicles are designed for both inter-city and intra-city logistics, offering extended driving range and enhanced fleet management capabilities.

Once again, the company is breaking new ground, its 4-wheeler EVs are the first in the segment to feature ADAS (Advanced Driver Assistance Systems), offering smarter, safer, and more efficient driving experiences for fleet operators.

Strong Investor Confidence and Rapid Expansion

Euler Motors success has attracted the attention of leading global investors. The company has raised over USD 82 million in funding from prominent backers such as GIC Singapore and Blume Ventures.

In FY24, Euler Motors sold 3,700 vehicles, marking strong growth in a competitive market. Looking ahead, the company aims to expand from 26 cities to 40 cities across India by FY25, further strengthening its footprint in the electric commercial vehicle sector.

State-of-the-Art Manufacturing: Made in India, Made for the World

Every Euler Motors vehicle is proudly Made in India. The company operates from a five-lakh sq. ft. R&D and manufacturing facility located in Palwal, Haryana, an industrial hub known for innovation and efficiency.

This advanced facility has an annual production capacity of 36,000 vehicles, ensuring that Euler Motors can meet the growing demand for sustainable logistics solutions both now and in the future.

Also Read: CESL to Launch ₹10,900 Electric Bus Tender Under NEBP to Boost Clean Mobility Across India

CMV360 Says

Euler Motors is not just manufacturing vehicles, it is driving a change in India’s mobility ecosystem. From pioneering technology in the HiLoad EV to introducing advanced 4-wheel electric vehicles, the company continues to set benchmarks in performance, innovation, and sustainability.

With strong investor backing, rapid expansion plans, and a clear vision for the future, Euler Motors stands at the forefront of India’s electric mobility revolution, leading the charge toward a greener and cleaner tomorrow.