Euler Motors Share Price

Euler Motors Private Limited is an Indian electric vehicle (EV) manufacturer focused on developing sustainable electric vehicles for commercial use. In this article we are going to see euler motors share price and company details. Founded in 2018 and it is headquartered in Delhi, the company specializes in the design and manufacturing of electric tricycles for transportation, aiming to reduce the company’s carbon emissions and fuel costs. With its flagship HiLoad EV, Euler Automotive offers a range of charging and battery technologies to meet the demands of urban transportation. The company is committed to supporting India’s green transition by developing reliable, efficient, and eco-friendly transportation solutions.

Euler Motors Details

Euler Motors is the winner of Apollo Awards, 2022 and also the winner of Businessworld’s Auto World 40 Under 40 Winners felicitated by Nitin Gadkari, Union Minister of Road Transport & Highways. The company has recently announced that it has invested Rs 100 crore for the design and development of the Storm EV model at its in-house R&D Centre at Palwal, Haryana, which has the capacity to produce 36,000 units per year. In May, Euler raised Rs 200 crore in a series C funding round. Existing investors are Asia-Pacific Strategic Investments, British International Investment, GIC (Singapore), Blume Venture Green Frontier Capital, and Piramal Alternatives India Access Fund led the round. Talking about its next fundraising plans, Kumar said, “It is a continuous process as we have done it six to seven times since 2018 till now. We will continue to raise funds from existing investors till our cash flow and profitability point goes through. That is because EV is a segment we are going to invest significantly going forward.”

Asked if an IPO was on the cards, Kumar said, “Every founder wants to build a company that makes an impact, and generates returns for the shareholders and the board members. So, it’s something that you definitely look forward to but it’s still early in our journey. Right now, we are launching the product. We would want to grow this segment and then hopefully over a period of time, think about it.”

So euler motors share price will not be predictable because share has not listed on exchanges. It’s IPO is not published yet till september-2024. So we can not predict the euler motors share price. As per balance sheet and fundamentals company is strong and growing in EV sector. As we know, currently electric vehicles are in demand due to its multiple benefits. Once euler motors get listed in exchanges we will update euler motors share price.

Electric vehicle (EV) manufacturer Euler Motors has entered the light commercial vehicle (LCV) segment with the launch of its first four-wheeler EV on September 25.

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Euler Motors Financial Growth

• FY22: Euler Motors’ sales rises to INR 17.5 Cr from INR 11.05 Cr in FY21. However, the company’s net loss also increased to INR 36.3 Cr.
• FY23: Euler Motors’ revenue from operations increased to INR 61.53 crore. However, the company’s net loss increased to INR 175.44 crore.
• FY24: Euler Motors is expected to have an annual revenue around INR 200 crore.

Above details are taken from external sources, to check more related to company financial growth and euler motors share price please visit to official site of euler motors.

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Disclaimer

The information provided in this article is for educational purpose only and does not constitute financial advice. Investors should research and consult with a financial advisor before making investment decisions. In this article we are just providing the expected result on the basis of past returns, so don’t consider it as a advise just learn from this article. To know more about investment and finances, Click here. If you are interested in day trading then you can check nifty option selling strategy.