Euler Motors, a leading manufacturer of electric commercial vehicles, has raised around USD 20 million in debt funding from responsAbility Investments, a leading impact asset manager specialising in private market investments.

The funds will be used towards the company’s recently launched Storm EV the e-LCV from Euler Motors, expand production and further advance R&D among others.

Saurav Kumar, Founder & CEO, Euler Motors, said, “We are happy to have responsAbility join us on our journey to reshape commercial transportation in India, advancing the shift from ICE to electric. Their support aligns perfectly with our vision of building India’s No. 1 electric commercial vehicle brand. Over the years, we’ve earned the trust of both new and existing investors, reflecting their confidence in our mission and the growing demand from our customers, evidenced by our strong growth. This new funding will boost us to scale further, expand our reach, and continue delivering sustainable, high-performance solutions that meet India’s unique logistics needs.”

Sameer Tirkar, Head of Climate Infrastructure Investments, APAC, responsAbility, said, “We are pleased to support Euler Motors in this critical stage of its growth. With their focus on innovation and sustainable mobility, Euler Motors is well-positioned to drive meaningful progress in the EV space, particularly in the commercial and logistics sectors. This partnership represents an impactful step toward a cleaner, more efficient future for India’s mobility landscape.”

Jay Bathija, Senior Investment Officer, responsAbility, added, “We are excited to announce our investment in Euler Motors, a company driving innovation in sustainable transportation. This partnership underscores our commitment to advancing sustainable mobility and aligns with our strategic vision of supporting forward-thinking companies that champion climate action in India’s commercial vehicle sector. Together, we are working to accelerate the shift toward a more sustainable future.”

At present, Euler Motors sells the HiLoad EV & Storm EV and is expanding its presence across tier 1 and tier 2 cities.

Euler Motors closed its Series C funding round just recently, raising an additional INR 2 billion from investors, including British International Investment, Blume Ventures and Piramal Alternatives India Access Fund.

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Mumbai-headquartered automotive major Mahindra & Mahindra has unveiled the XEV 9e Cineluxe Edition at INR 2.93 million (ex-showroom), the edition is based on the top-tier Pack Three variant. Bookings for the vehicle open on 2 March 2026, with deliveries scheduled to commence on 10 March 2026.

The Cineluxe Edition introduces exclusive exterior options in Satin Black or Satin White. The interior features a colour scheme of Chestnut Brown and Nocturne Black with leatherette upholstery.

On the inside, it is designed around a triple HD display that spans the dashboard from coast to coast. Audio is provided by a 16-speaker Harman Kardon system featuring Dolby Atmos technology.

The XEV 9e Cineluxe Edition gets a 79 kWh battery pack providing a claimed range of over 500 km. Triple HD screen setup and a StraightAhead VisionX augmented reality (AR) heads-up display. HandsFree Park (Auto Park Assist) and EyeDentity Driver and Occupant Monitoring. Specific HVAC modes including Camp, Keep and PawPal. An Infinity Roof with ambient lighting offering 16 million colours.

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The Volvo EX30 has secured the Good Design Award for 2025, further cementing its status as a celebrated electric vehicle. This compact SUV distinguishes itself through Scandinavian design philosophy prioritising sustainability, achieving the lowest carbon footprint of any electric Volvo through innovative use of recycled and natural materials. The Transportation category award recognises excellence in design, innovation, and sustainability.

Since its summer 2023 debut, the EX30 has become an instant classic and the company’s first small SUV, expanding the electric portfolio while attracting new customer segments. With nearly 200,000 units sold and a driving range extending to 475 kilometres, the model has demonstrated considerable market appeal. Recent updates have further refined the vehicle following its successful launch.

The design challenge involved creating a premium, accessible electric vehicle with high sustainability performance. Designers fundamentally rethought conventional approaches, guided by a principle of achieving more with less. By maximising component functionality and reducing material requirements, they diminished environmental impact while increasing interior spaciousness and managing costs. This philosophy preserved classic Volvo principles of design, safety and sustainability while making them accessible to a wider audience.

Despite its compact dimensions, the EX30 maintains the confidence and Scandinavian simplicity characteristic of larger Volvo models. Its proportions maximise interior versatility through wheels positioned at the corners with equal overhangs, creating a long wheelbase and planted stance. The vehicle retains essential SUV qualities including versatility, elevated seating position and robust visual presence.

The Good Design programme, established in 1950 by the Chicago Athenaeum, stands among the world’s most respected design accolades. It annually honours products demonstrating aesthetic quality, functional excellence and social responsibility, criteria the EX30 fulfils comprehensively.

The Good Design Award 2025 represents the latest recognition for a model that has accumulated numerous major honours, including World Urban Car 2024, The Sun Car of the Year 2023, Red Dot Best of the Best Award 2024, Car Design Award 2024 and Top Gear Magazine Eco Warrior of the Year 2023. These accolades collectively affirm the EX30’s successful integration of sustainability, accessibility, and distinctive design.

Rekha Meena, Head – CMF Design, Volvo Cars, said, “We are honoured to see our small electric SUV recognised by the jury. The EX30 is designed to be our most sustainable car to date, without compromising on the premium experience and safety that our customers expect. Small yet mighty, the EX30’s smart Scandinavian design projects confidence, maturity and versatility while making it instantly recognisable as a Volvo.”

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Volkswagen has reached a key milestone in its transition to electric mobility, having now delivered two million all-electric vehicles to customers worldwide. The two millionth car, an ID.3 manufactured at the Zwickau plant, was recently handed over to its new owner, Kirsten Vormbrock, during a ceremony at the Transparent Factory in Dresden. This achievement reflects a journey that began in 2013 with the introduction of the e-up! and has since seen the continuous expansion of the company’s all-electric portfolio. Alongside the current ID. family, the total also includes pioneering models like the e-up! and the e-Golf.

Several models have played a decisive role in reaching this milestone. The ID.3, with around 628,000 deliveries, was the first vehicle built on the modular electric drive matrix (MEB) and made electric mobility accessible to a broad audience in the compact class when it launched in 2020. An upgraded version of this model is expected soon. The ID.4 has been a major growth engine, with approximately 901,000 units sold, and has significantly strengthened the brand’s presence in key global markets, including China and United States. More recently, the ID.7, of which around 132,000 have been delivered, expanded the lineup into the upper mid-range segment with a saloon and estate, showcasing advancements in range, efficiency and comfort.

The handover in Dresden also underscores the evolving role of the Transparent Factory. With series production now concluded there, the facility is shifting its focus entirely to the visitor experience. New attractions, including theme islands and production demonstrations, aim to offer an authentic glimpse into the manufacturing process. Last year, approximately 3,500 vehicles were delivered to customers at this location, the vast majority of which were electrified. This makes it the brand’s second-largest national delivery centre, where the emphasis is on fostering brand loyalty through personalised handovers and thorough vehicle introductions. Customers can also arrange test drives of various ID. models in Dresden, while the nearby Zwickau plant, which produced around 212,000 electric cars last year, remains a cornerstone of production. These combined efforts have helped Volkswagen secure a leading position in the electric vehicle market across Europe and establish itself as a top-tier manufacturer globally.

Martin Sander, Volkswagen Board Member for Sales, Marketing and After Sales, said, “We laid the foundations for electromobility early on and are driving our transformation to an all-electric future with clear strategic priority. Our strong market position, particularly in Germany and Europe, confirms the attractiveness and competitiveness of our electric portfolio.”

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Delhi-NCR-based electric vehicle company Omega Seiki Mobility (OSM) has introduced its RAGE+ Tipper electric three-wheeler with Hydraulics at Municipalika 2026, priced at INR 450,000 (ex-showroom).

The EV is designed for use by municipal corporations, urban local bodies and government sanitation departments. It is part of the Business-to-Government (B2G) segment, aimed at supporting waste management in high-density urban zones.

OSM has already supplied over 200 electric garbage tippers across India and maintains an order book of 500 vehicles. The company plans to deploy 1,000 tippers in the 2026–27 financial year.

The RAGE+ Tipper is engineered for the operational cycles required by civic authorities. It features an all-metal body and a hydraulic tipping mechanism to facilitate waste unloading. The e-three-wheeler has a claimed range of 250 km on a single charge. It features 15 kWh battery pack, 500 kg load-carrying capacity, IP67-rated charger for weather resistance and comes with 5 years or 200,000 kilometres warranty.

The transition to electric fleets for waste collection is supported by national sustainability targets, such as the Swachh Bharat Abhiyan. These vehicles are intended to lower operating costs and reduce noise and carbon emissions in city environments compared to internal combustion engine alternatives.

Vivek Dhawan, Chief Strategy Officer, Omega Seiki, said, “Municipal mobility is at the heart of India’s sustainability journey. The RAGE+ Tipper reflects our commitment to building robust, zero-emission solutions tailored specifically for urban sanitation needs. With the longest range in its category and an industry-leading warranty, we are enabling municipalities to adopt electric mobility with confidence and long-term economic viability.”

Ashhar Idris, VP – Sales, Omega Seiki, added, “Our focus has been to engineer a product that delivers operational reliability and superior value for government partners. The RAGE+ Tipper not only reduces fuel and maintenance costs but also ensures uninterrupted daily operations with its large battery pack and durable metal body. Municipalika 2026 provides the perfect platform to demonstrate how OSM is driving practical and scalable electric solutions for cities.”

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