Euler Motors’ net loss widens to Rs 227 crore in FY24

Quick Summary:

Delhi-based Euler Motors’ operating revenue soared 3X to Rs 189 crore in FY24, up from Rs 62 crore in the previous fiscal year.

In August, Euler Motors also announced its entry into the small commercial vehicle segment, aiming to launch its first four-wheeler with a payload capacity exceeding 1,000 kg during the upcoming festive season.

Existing backers, including Athera Venture Partners, Blume Ventures, GIC Singapore, and ADB Ventures, also joined the round.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Information Fy24 Privacy Motors’ Crore Year Terms Company Policy Loss Euler

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:43:06 (2 weeks ago)

News Timezone: GMT +8:00

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Language: English

Article Length: 254 words

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