Euler Motors
Euler Motors designs and manufactures electric three- and four-wheel vehicles specifically for intra-city goods transportation, utilizing advanced battery technology and fast-charging capabilities to enhance operational efficiency. The company addresses the need for sustainable and cost-effective logistics solutions by providing high-load capacity vehicles that reduce reliance on fossil fuels and lower operational costs for businesses.
- Automotive Technology
- Clean Technology
- Hardware
- Internet of Things
Funding
Raised to date
$95.3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
- greenfrontiercapital.com (opens in a new tab)investor website
- jettyventures.com (opens in a new tab)investor website
- ventures.adb.org (opens in a new tab)investor website
Founders
Product
Problem
Intra-city goods transportation faces challenges related to environmental sustainability and operational costs due to reliance on fossil fuels. Existing logistics solutions often lack the load capacity and fast-charging capabilities required for efficient operations. Businesses need cost-effective and eco-friendly alternatives to reduce emissions and improve profitability.
Solution
Euler Motors designs and manufactures electric three- and four-wheel vehicles tailored for intra-city goods movement, providing a sustainable and economical logistics solution. Their vehicles offer high-load capacity, reducing the need for frequent trips, and feature fast-charging capabilities, minimizing downtime. The company's electric vehicles reduce reliance on fossil fuels, lowering operational costs for businesses while contributing to a cleaner environment. Euler Motors also offers a fleet management platform that provides real-time updates, vehicle health monitoring, and trip management.
Target Audience
The primary target audience includes businesses involved in intra-city goods transportation, logistics companies, and fleet operators seeking sustainable and cost-effective vehicle solutions.
Features
- HiLoad EV: 3-wheeler with 110+ km RealRange™ and 15-minute fast charging
- Storm EV T1250: 4-wheeler with 140+ km RealRange™ and 30-minute fast charging
- LongRange200: 4-wheeler with 200+ km RealRange™ and 15-minute fast charging
- ArcReactor™ liquid cooling technology for battery stability in all seasons
- High load capacity for increased earn-ability
- Euler Shepherd fleet management platform for real-time updates and vehicle health monitoring