New Delhi, March 24 -- Commercial electric-vehicle maker Euler Motors has raised $47 million in its Series E round of funding, led by Lightrock, with participation from Hero MotoCorp Ltd and Blume Ventures.
The company has also raised Rs 250 crore of debt funding from BlackSoil, Trifecta Capital, InnoVen Capital, and Alteria Capital, Euler said in a statement Tuesday.
The company said it plans to use the capital to expand its manufacturing capacity, scale its network, and invest in its core operational capabilities.
Published by HT Digital Content Services with permission from VC Circle.