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05-10-2022, 11:30 PM
https://www.theedgemarkets.com/article/i...ding-round
India's Euler Motors raises US$60 million in GIC Singapore-led funding round
The Indian startup did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.
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Euler Motors, which reported revenue of 300 million rupees (US$3.68 million) last financial year, said it would report revenue of three billion rupees this year.
Series C funding rounds typically involve late-stage startups that require additional funds to develop and launch new products, expand or scale up manufacturing.
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India's Euler Motors raises US$60 million in GIC Singapore-led funding round
The Indian startup did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.
..........
Euler Motors, which reported revenue of 300 million rupees (US$3.68 million) last financial year, said it would report revenue of three billion rupees this year.
Series C funding rounds typically involve late-stage startups that require additional funds to develop and launch new products, expand or scale up manufacturing.
.
.
