Posts tagged Source: ET Auto
Euler Motors eyes doubling its revenue to ₹800 crore in FY27
Euler Motors eyes doubling its revenue to ₹800 crore in FY27

Hero MotoCorp-backed electric commercial vehicle maker Euler Motors is targeting revenue of more than ₹800 crore in the current financial year, nearly double the ₹402 crore it reported in FY26, as the company scales its electric four-wheeler business and expands its retail network.

“Our expectation is to grow 100 per cent. We grew to around ₹400 crore last year from ₹190 crore. This year, we would look to grow 100 per cent further. We want to push it to ₹800 crore plus this year,” Euler Motors Founder and CEO Saurav Kumar told PTI.

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PressGreen Frontier CapitalEuler Motors, Source: ET Auto
EMotorad partners Mercedes-Benz India to bring AMG PETRONAS e-bikes to India
EMotorad partners Mercedes-Benz India to bring AMG PETRONAS e-bikes to India

Mercedes-Benz buyers in India will soon be able to take home something unexpected from the showroom: an e-bike. EMotorad, the Indian electric cycle maker, has signed an exclusive deal with Mercedes-Benz India to launch the official Mercedes-AMG PETRONAS e-bike range.

The bikes will be sold only through select Mercedes-Benz outlets. For EMotorad, the partnership is a major step up. The company will build three models from the range in India and handle everything after the sale, including service, repairs and customer support. Pairing a homegrown manufacturer with one of the world's best-known performance brands raises some interesting questions. What does it mean for India's growing premium e-bike market? And why does Mercedes see e-bikes as a natural extension of AMG? The full story has insights from EMotorad CEO Kunal Gupta and Mercedes-Benz India's Santosh Iyer.

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PressGreen Frontier CapitalGreen Frontier Capital, Emotorad, Source: ET Auto
The Battery Recycling Paradox: VCs' Next Big Underrated Bet
The Battery Recycling Paradox: VCs' Next Big Underrated Bet

For a decade, capital chased what was visible in electrification: EVs, charging infrastructure, battery manufacturing. Recycling was overlooked, weighed down by thin margins and volatile lithium prices. That's changing. The first big wave of EV batteries is nearing end-of-life, with 15 million tons expected for processing by 2030, and the feedstock scarcity that once made recycling uninvestable is solving itself. Hydrometallurgical techniques now recover over 95% of key materials, and rules like Extended Producer Responsibility are converting optional demand into mandatory demand.

We see recycling as complementing mining, not competing with it, repricing the sector from marginal to critical infrastructure. The global market is projected to grow from $28.62 billion in 2025 to $91.72 billion by 2034. Venture capital doesn't generate outsized returns backing what's obvious; it identifies what's inevitable before consensus does. The feedstock, regulation and technology are aligning. The real question is who moves early enough to benefit.

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PressGreen Frontier CapitalGreen Frontier Capital, Source: ET Auto
Hero MotoCorp-backed Euler Motors Raises ₹437.5 Crore To Scale EV Manufacturing, R&D Growth
Hero MotoCorp-backed Euler Motors Raises ₹437.5 Crore To Scale EV Manufacturing, R&D Growth

We're tracking Euler Motors' latest raise as another strong data point for India's electric CV sector. The company has closed ₹687.5 crore in Series E funding — ₹437.5 crore in equity led by Lightrock, with Hero MotoCorp and Blume Ventures participating, plus ₹250 crore in debt from BlackSoil, Trifecta, InnoVen and Alteria Capital. Founder Saurav Kumar says the capital goes toward network expansion, product R&D, and manufacturing capacity, including a third production line at the Palwal plant that will add 1,000 units of monthly capacity. What stands out to us is the growth trajectory: Euler is targeting 100% growth over FY25 revenue of ₹191 crore, and Hero MotoCorp's 34.1% stake signals real strategic conviction, not just capital. With ₹1,900 crore raised to date, Euler looks well-positioned in its push to become a top-three e-CV player by 2030.

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PressGreen Frontier CapitalGreen Frontier Capital, Source: ET Auto, Euler Motors