Other investors in the round included Sujeet Kumar, co-founder of Udaan, Srinivas Anumolu and K Ganesh from Growth Story, said the New Delhi-based electric vehicle (EV) manufacturer in a statement on Thursday.
Euler Motors will use the funds for a new production facility, research and development, and expansion of charging and servicing infrastructure. The company also plans to extend its footprint to Bengaluru, Pune, Chennai, Mumbai, and Kolkata.
Last May, the company had raised Rs 20 crore as part of its Series A funding led by Inventus Capital India.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from March 2-March 7, 2021
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Euler Motors||Delhi||4 million||Series A||Inventus India, Jetty Ventures||Sujeet Kumar, Srinivas Anumolu, K Ganesh||Automobiles Other Vehicles & Parts||Electric/Hybrid Vehicles|
|Dealshare||Bengaluru||1.08 million||Debt||Innoven Capital||-||Retail||E-commerce|
|Outplay||Bengaluru||2 million||Seed||Sequoia Capital's Surge||Khadim Batti, Vara Kumar Namburu, Vipsi Daver, Krish Subramanian, Rajaraman Santhanam, Vinod Muthukrishnan, Vijay Rayapati, Kunal Shah||Software||Sales & Marketing Software|
|Yugabyte||Bengaluru||48 million||Series C||Lightspeed Venture Partners||Greenspring Associates, Dell Technologies Capital, Wipro Ventures, 8VC||Software||Cloud Computing|
|Cashify||Gurugram||15 million||Series D||Olympus Capital Asia (Asia Environmental Partners)||-||Retail||E-commerce|
|KoineArth||Bengaluru||1.8 million||Pre-Series A||YourNest Venture Capital||Inventus India, Lumis Partners||Software||Blockchain|
|Webscale||Bengaluru||26 million||Series C||BGV, STCAP Ventures, Mohr Davidow Ventures||Grotech Ventures||Software||SaaS|
|Questt||Gurugram||1.3 million||Seed||Chiratae Ventures||AET Fund, Kunal Bahl, Rohit Bansal, Pranay Gupta, Ramakant Sharma, First Cheque, founders of Razorpay||Education/Training||EdTech|
|Shoopy||Noida||250,000||Seed||Campanile Investments LLC, Redcliffe Capital||-||Retail||-|