Euler Motors Trims Net Loss by 12% to INR 200.2 Cr in FY25 on Strong Revenue Growth

Euler Motors, an Indian electric vehicle (EV) manufacturer, has successfully reduced its net loss by 12% to INR 200.2 Crore for the financial year ending March 31, 2025 (FY25), compared to a loss of INR 227 Crore in FY24. This improvement is largely attributed to a healthy spurt in its top line.

The company's operating revenue saw a 12% increase, rising to INR 191.3 Crore in FY25 from INR 170.8 Crore in the previous fiscal year. Including other income, Euler Motors' total revenue grew 18% to INR 206 Crore in FY25. The core revenue stream, vehicle sales, performed strongly, contributing INR 173.1 Crore, a 22% jump from FY24 and accounting for approximately 90% of the total operating revenue.

However, subsidy earnings from the central government on EV sales fell significantly by 66% year-on-year to INR 8.7 Crore in FY25 from INR 25.3 Crore in FY24.

Euler Motors, founded in 2018 by Saurav Kumar, focuses on E3W (three-wheelers) and E4W (four-wheelers) for the logistics sector, offering models like Turbo EV 1000, Storm EV LongRange 200, and HiLoad EV. The startup has secured over $224 million in total funding, including approximately $95 million raised this year. Recent funding includes $20 million in debt from responsAbility Investments AG and a Series D round of INR 638 Crore led by Hero MotoCorp, with participation from British International Investment. This capital will be used to enhance production capacity, R&D, and expand its distribution network to 80 cities.

Total expenses remained largely stable, increasing by just 3% to INR 404.1 Crore in FY25. Key cost increases were observed in employee benefits (up 46% to INR 74.4 Cr) and security & manpower expenses (up 54% to INR 24.4 Cr).

Impact: This news signifies positive operational improvements and continued investor confidence in Euler Motors, a key player in India's burgeoning EV sector. It suggests strong market demand for their commercial EVs and successful capital infusion for future growth, potentially leading to increased market share and innovation in the Indian EV landscape. Impact rating: 7/10

Difficult Terms: * Net Loss: The amount by which a company's expenses exceed its revenues over a specific period. * Operating Revenue: Income generated from a company's primary business activities, such as selling vehicles. * FY25 / FY24: Financial Year 2025 and Financial Year 2024, referring to the period from April 1, 2024, to March 31, 2025, and April 1, 2023, to March 31, 2024, respectively. * Subsidy: Financial aid or support extended by the government to encourage certain activities, like the sale of electric vehicles. * E3W / E4W: Electric three-wheeler and electric four-wheeler, referring to types of electric vehicles. * Series D round: A later stage of venture capital funding for startups that have demonstrated significant traction and are looking to scale up or expand. * Debt: Money borrowed that must be paid back, typically with interest. * Equity: Ownership interest in a company, usually represented by shares of stock. * R&D: Research and Development, activities undertaken to innovate and create new products or improve existing ones.