EV startup Euler Motors raises $5 Mn from Moglix; valuation soars to $70 Mn
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New Delhi-based EV manufacturing startup Euler Motors has raised about $5 Mn as a part of the Series B funding round from Moglix. It plans to close the current Series B funding round at around $60 Mn. Euler Motors’ investors include QRG Investments and Holdings, Inventus Capital India, Blume Ventures, ADB Ventures and Jetty Ventures.