Electric vehicle maker Euler Motors announced raising additional capital of $10 million (around Rs 74 crore) from a clutch of investors, led by QRG Investments and Holdings.
This marks the first investment by QRG Investments and Holdings in an EV brand in India, the company said in a release.
The funding will also be utilised for expanding its presence in North and South India markets in the next 2-3 quarters, Euler Motor said.
The platform also said it plans to raise $ 50 million in Series B funding round next year.
