Company Intelligence Profile
Euler Motors Private Limited
Euler Motors is a Delhi-headquartered electric commercial vehicle (e-CV) manufacturer, founded in 2018 with the entity incorporated 15-Jan-2015.
Last updated 6 September 2026
Euler Motors Private Limited, headquartered in Delhi, is an electric commercial vehicle manufacturer known for designing and producing electric 3-wheeler cargo vehicles and light electric trucks. The company experienced significant growth, with revenue reaching ₹433.2 Cr in FY26, doubling from the previous year. Euler Motors also secured a Series E funding of approximately $47M in early 2026.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Euler Motors Private Limited |
|---|---|
| CIN | U72900DL2015PTC275513 |
| PAN | AAFCC9003K |
| Status | Active |
| Listing | Unlisted private limited company |
| Incorporated | 15 January 2015 |
| ROC | RoC Delhi |
| Sector (NIC) | Automotive / electric commercial vehicle manufacturing |
| Registered address |
|
| Authorized capital | Conflicting snapshots: Tofler ₹17.57 Cr vs TheCompanyCheck ₹23.59 Cr — likely different filing dates (capital raised across funding rounds); not obtained as a single confirmed current figure |
| Paid-up capital | Conflicting snapshots: Tofler ₹14.50 Cr vs TheCompanyCheck ₹20.08 Cr — same caveat as authorized capital |
Business Overview
- Euler Motors is a Delhi-headquartered electric commercial vehicle (e-CV) manufacturer, founded in 2018 with the entity incorporated 15-Jan-2015
- It designs and makes electric 3-wheeler cargo/last-mile vehicles and light electric trucks (Turbo EV 1000, Storm T1500/HiLoad EV models), targeting fleet and logistics operators, with a stated 1000+ EVs on road and 50+ patents filed
- DPIIT-recognised startup
- Registered business activity per MCA filing category: "Motor vehicle manufacturing services; rental and leasing of motor vehicles, machinery, equipment, capital goods"
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Saurav Kumar and Gaurav Kumar | 03196571 | Director & Shareholder | - |
Financials
- Figures conflict materially across sources and appear to mix standalone entity data with press-reported consolidated/group figures
- none independently verified against an audited filing this session — treat as partial: • Tofler (as of Mar-2025): total assets ₹410.2 Cr, net worth down 23.95% YoY, total borrowings up 135.55% YoY, debt-to-equity 1.84, operating revenue growth 15.73% YoY (absolute revenue/PAT/EBITDA paywalled). • TheCompanyCheck (FY2025): revenue ₹206 Cr (+18% YoY), EPFO employee count 447, open charges ₹344 Cr, satisfied charges ₹180 Cr. • Inc42 company tracker: FY25 revenue ₹206.0 Cr, FY26 revenue ₹433.2 Cr (+110.69% YoY), employee count 1,360. • Entrackr (press reporting): FY25 revenue ₹191 Cr with ₹200 Cr loss
- FY26 revenue ₹402 Cr (doubled) with net loss widening 21% to ₹315 Cr. FY25 revenue figures diverge (₹191 Cr vs ₹206 Cr) and FY26 revenue diverges (₹402 Cr vs ₹433.2 Cr) between Entrackr and Inc42/TheCompanyCheck — reported as a source conflict, not resolved
- Standalone vs consolidated basis not explicitly stated by any source
Funding
• Series E — ~$47M led by Lightrock, closed around Mar 2026 (Entrackr); founder stake diluted to single digits post-round (Apr 2026, Entrackr). • Series D — ~₹638 Cr (~$76.5M) led by Hero MotoCorp, May 2025, valuation flat vs prior round (Entrackr)
In the News
Euler Motors expands Harayan facility with an investment worth Rs 100 crore
BigInfo.in · 2 months ago
Hero MotoCorp's Euler Motors Bet Doubles Sales, Expands To 112 Cities
sahi.com · 2 months ago
Euler Motors Inaugurates Dedicated 4W Manufacturing Line at Palwal, Haryana
EVreporter · 2 months ago
Euler Motors inaugurates dedicated 4W manufacturing line at Palwal
motownindia.com · 2 months ago
Pawan Munjal-backed Euler Motors invests ₹100 crore in Palwal 4W plant, targets 24,000-vehicle capacity
fortuneindia.com · 2 months ago
Headlines about Euler Motors Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges & Loans
- Partial/conflicting on total
- Tofler's itemised open-charge register (free tier) lists 10 recorded charges totalling ~₹251.5 Cr, all shown as open/active as of the fetch date: Catalyst Trusteeship Ltd (₹82 Cr, 19-Dec-2024; ₹30 Cr, 10-Jan-2025; ₹30 Cr, 11-Apr-2025), Orbis Trusteeship Services Pvt Ltd (₹10 Cr, 25-Mar-2025; ₹12 Cr, 11-Apr-2025), Oxyzo Financial Services Pvt Ltd (₹12.5 Cr, 29-Mar-2025), Deutsche Bank AG (₹30 Cr, 30-Apr-2025), Axis Trustee Services Ltd (₹15 Cr, 07-May-2025; ₹18 Cr, 12-May-2025), HDFC Bank Ltd (₹12 Cr, 28-Sep-2023)
- TheCompanyCheck separately states aggregate open charges of ₹344 Cr and satisfied charges of ₹180 Cr — this total does not reconcile with Tofler's itemised ₹251.5 Cr, so the true current open-charge total is unresolved between the two sources (reported, not adjudicated)
- Per playbook, "no charges shown" would not have meant none ever — here charges ARE shown, so this caveat doesn't apply, but the amount conflict is noted
Legal
- (1) Dassault Systèmes vs Euler Motors Private Limited — Delhi High Court, copyright-infringement matter alleging unauthorised/unlicensed use of CATIA and SOLIDWORKS engineering software; multiple hearings before Justice C. Hari Shankar spanning Sep-2023 to Feb-2024
- (2) Euler Motors vs State of West Bengal — Calcutta High Court (Appellate Side), a writ/constitutional matter (nature/subject not detailed in the search snippet) with hearings listed from May-2024 through Feb-2026
- Full case numbers/outcomes not retrieved — flagged as a gap
Competitors
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