Euler Motors raises Rs 120-cr in funding round

Commercial electric vehicle maker Euler Motors on Monday said it has raised Rs 120 crore in a funding round from a bunch of investors. The ongoing series-C extension round saw commitment from British International Investment (BII), the UK government’s development finance institution and impact investor, which is co-investing with Blume Ventures in the company, Euler Motors said in a statement.

The company said it has also onboarded Green Frontier Capital, India’s first investment firm focused on growth companies as part of this fundraising round along with existing investors, it said.