Euler Motors Accelerates Toward Growth Amid Widening Losses

Euler Motors, an electric commercial vehicle startup, reported a net loss increase to Rs 308 crore for FY26 despite more than doubling its revenue to Rs 402 crore. The losses reflect strategic investments for scaling up operations. The company saw demand growth, especially from logistics and e-commerce sectors.

Euler Motors, the electric commercial vehicle startup, disclosed an increase in its net loss to Rs 308 crore for the fiscal year 2026. Despite this, revenues from operations surged, more than doubling to Rs 402 crore, driven by demand in logistics and e-commerce.

The firm attributed the widening losses to accelerated scaling, with a 181% increase in volumes and strategic investments aimed at enhancing manufacturing, distribution, and after-sales support infrastructure. This phase aims to strengthen future growth potential.

Encouragingly, Euler reported consistent quarter-to-quarter growth, with vehicle volumes and revenue rising substantially, showcasing persistent demand. CEO Saurav Kumar emphasized this transition marks a shift from early adoption to scaling, with efficiency improvements noted.