Euler Motors eyes 10-fold increase in revenue, plans to expand operations

Automotive technology start-up Euler Motors is eyeing a 10fold increase in its revenue to USD 20 million (around Rs 146 crore) by the end of next fiscal as it looks to start sales of its electric cargo three-wheeler and expand operations in the countr y, a top company official said. The Delhi-based firm, which expects to end the current fiscal with a turnover of around USD 2 million, currently leases its electric cargo threewheelers to various partners, including e-commerce firms.