Euler Motors, a leading electric commercial vehicle manufacturer in India, has expanded its product lineup with the launch of the Storm EV. This new electric four-wheeler small commercial vehicle (SCV) is priced between INR 8,99,999 and INR 12,99,999.
The company has invested a significant amount in developing the Storm EV, with INR 100 crore allocated to research and development. Euler Motors aims to capture a significant market share in the electric SCV segment and has set a target of selling 3,000 units of the Storm EV in the next 18 months.
The Storm EV stands out from its competitors with its advanced driver assistance systems (ADAS). These features include night vision assist and front and rear collision alert systems, which enhance safety and productivity. The vehicle also offers an infotainment screen with GPS tracking and entertainment features.
Euler Motors has been rapidly growing in the electric commercial vehicle market. The company has sold over 6,000 vehicles in the past few years and is currently present in 31 cities across India. To support its growth, Euler Motors has raised approximately INR 200 crore in funding and is planning to raise additional funds in the future.
Euler Motors, an electric commercial vehicle manufacturer, has introduced a new electric four-wheeler called the Storm EV. Priced between INR 8,99,999 and INR 12,99,999, the Storm EV is equipped with advanced safety features like night vision and collision alerts.
Euler Motors has invested heavily in developing the Storm EV and aims to sell 3,000 units within the next 18 months. The company is already making significant strides in the electric commercial vehicle market, having sold over 6,000 vehicles and expanding its presence across 31 cities.
