Khaitan & Co advises Euler Motors Private Limited for its USD 60 million Series C funding round

   

DEAL DETAILS

Euler Motors Private Limited | Series C investment

NO

HEADINGS

DETAILS

1.

 

Sector

Automobiles and Components, Electric Vehicles

2.

 

Announcement Date

04-Oct-2022

3.

 

Completion Date

09-Oct-2022

4.

 

Name of Client

Euler Motors Private Limited

5.

 

Investor Details

QRG INVESTMENTS AND HOLDINGS LIMITED | India
OXY VENTURES PRIVATE LIMITED | India
ALTERIA CAPITAL FUND II — SCHEME I | India
CALADIUM INVESTMENT PTE LTD | Singapore

6.

 

Investee Details

Euler Motors Private Limited | India

7.

 

Deal Description

Advised Euler Motors Private Limited (a company engaged in manufacturing commercial electric vehicles) for its USD 60 million Series C funding round. The round was led by GIC Singapore, with participation by Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, ADB Ventures and Moglix.

8.

 

Total Consideration

USD 60 million

9.

 

Team Members

The core team consisted of Bharat Anand (Partner), Mukul Aggarwal (Principal Associate), Suraj Prasad Meher (Senior Associate), Esha Chauhan (Associate)

10.

 

Role of Firm

Legal Counsel to the Company

11.

 

Other legal advisors if any with names of Lead Lawyers

Desai & Diwanji

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