Get All Access for $5/mo

Greenifying Commercial Vehicles Euler Motors is on a growth trajectory wherein the company is looking to expand its manufacturing capacity and deploy at scale across India

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Euler Motors

"We will not stop until every car on the road is electric," said Elon Musk. Electric vehicles have been the rage for the last three years. Euler Motors has played an active part in the EV revolution. Euler believes in making its products technology and software centric and has built an EV with a vision of what the Indian commercial market needs for the next decade.

"Building safe and high-performance batteries was a priority for us. Euler IP67 battery pack, is the best in the industry, boasting active liquid cooling technology and BTMS that protects it against ambient temperatures and terrains. This patented technology is an invention at Euler itself, so that commercial EVs are functional in every location and temperature across India," said Saurav Kumar, founder and CEO, Euler Motors.

Euler Motors is a different EV company - driven by its tech centricity. The vision of the company is to accelerate the country's path to sustainable mobility which also implies solving for on-ground issues that India needs to overcome for mass electric mobility. The EV ecosystem in India, is still developing and needs an infra boost. From charging stations and points to accessible financing, a customer needs all the assurance in order to purchase an EV and in order to support a complete transition to electric, the company is creating its own network of EV services like charging, servicing, financing and more - using its full stack approach. Euler Motors is further incorporating software and new tech aspects, a first –in-class in commercial EVs in India.

Euler Motors is on a growth trajectory wherein the company is looking to expand its manufacturing capacity and deploy at scale across India. The plan is to increase its retail footprint in 12 new markets by the end of FY23. The new state-of-the-art production facility in NCR aims to cater to large scale deployments with a capacity of 30000 units per annum. Euler Motors has set itself a goal to deploy over 20000 EVs in the next two years, helping the Indian commercial segment accelerate to electric mobility.

Euler Motors' HiLoad is a powerful, robust, and efficient cargo three-wheeler. It comes with the highest payload capacity (688 kg), battery power (12.96 KWH) and range (170 km) on a single charge. The vehicle has been designed in India, to cater to the Indian commercial vehicle segment, across any segment and applications. The EVs are supported by multiple charging options- including a DC fast charger that provides 50 km of charging in 15 minutes.

EVs are principally software and we have sought this right from the start, to offer the best customer experience. We have built telematics systems in our EVs that help with real time vehicle data that can help maximize earnings and battery efficiency. Software assistance helps in payload estimation, smart reminders to schedule maintenance, safety, and breakdown alerts, booking charging stations in advance - all which directly contribute to performance and efficiency. HiLoad's customer response has translated into an orderbook of over 9000units across India within the first year of its launch.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
News and Trends

India's Logistics Cost to be Reduced to 9% Within 2 Years: Nitin Gadkari

With a focus on innovation, clean energy, infrastructure, and rural empowerment, Nitin Gadkari's vision aligns with India's aspirations to become a global economic powerhouse.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

News and Trends

Former Cleartrip CEO Ayyappan R Eyes Quick Commerce with FirstClub

After stepping down as Cleartrip's CEO earlier this year, Ayyappan brings his expertise from leading positions at Flipkart, including his role as chief business officer at Myntra.

News and Trends

AWE Funds to Scale Women-Led ClimateTech Initiatives with CGEF Grant

The grant will empower AWE Funds to expand initiatives, invest in women-led climate companies, enhance accelerator programs, and launch a fellowship nurturing young women professionals in climate and sustainability.