DEAL DETAILS
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Euler Motors Private Limited | Series C investment |
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NO |
HEADINGS |
DETAILS |
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1.
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Sector |
Automobiles and Components, Electric Vehicles |
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2.
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Announcement Date |
04-Oct-2022 |
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3.
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Completion Date |
09-Oct-2022 |
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4.
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Name of Client |
Euler Motors Private Limited |
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5.
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Investor Details |
QRG INVESTMENTS AND HOLDINGS LIMITED | India |
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6.
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Investee Details |
Euler Motors Private Limited | India |
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7.
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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. |
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8.
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Total Consideration |
USD 60 million |
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9.
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Team Members |
The core team consisted of Bharat Anand (Partner), Mukul Aggarwal (Principal Associate), Suraj Prasad Meher (Senior Associate), Esha Chauhan (Associate) |
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10.
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Role of Firm |
Legal Counsel to the Company |
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11.
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Other legal advisors if any with names of Lead Lawyers |
Desai & Diwanji |