Euler Motors is an Indian manufacturer of commercial electric vehicles that aims to reduce the cost of last-mile delivery on e-commerce platforms. The driving cost of the Euler electric vehicle is only Rs 0.6 per kilometer. The company’s partnership with e-commerce also makes it stand out in the competitive electric vehicle market. Euler Motors recently raised $60 million in a Series C round led by the Government of Singapore Investment Corporation (GIC Singapore). Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, ADB Ventures and Moglix also participated in the round.
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