Euler Motors secures $20M in debt funding for expansion

Q: How long will it take to read this news story?

The story "Euler Motors secures $20M in debt funding for expansion" has 218 words across 14 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Euler Motors secures $20M in debt funding for expansion" was covered 11 hours ago by YourStory, a news publisher based in India.

Q: How trustworthy is 'YourStory' news outlet?

YourStory is a fully independent (privately-owned) news outlet established in 2008 that covers mostly startups, economy, and business news. The outlet is headquartered in India and publishes an average of 27 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25172933</li><li>URL: https://beamstart.com/news/euler-motors-secures-20m-in-17369333143676</li></ul>

YourStory Logo YourStory 11h ago

Euler Motors secures $20M in debt funding for expansion - YourStory

Quick Summary:

The fresh capital infusion comes close on the heels of Euler Motors closing its Series C funding round, raising an additional Rs 200 crore from investors.

"With their focus on innovation and sustainable mobility, Euler Motors is well-positioned to drive meaningful progress in the EV space, particularly in the commercial and logistics sectors," said Sameer Tirkar, Head of Climate Infrastructure Investments, APAC, at responsAbility.

The company also said it plans to channel the new funding toward developing next-generation technology for commercial EVs, enhancing vehicle efficiency, and strengthening its after-sales and service network.