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§ Private Profile · 3665 Alabama Street, San Diego, CA 92104
Electric vehicle manufacturer designing and producing three-wheeler cargo EVs for last-mile logistics in India, focused on commercial deployments.
Euler is a Delhi, India-based automotive manufacturer that designs and produces electric three-wheeler cargo vehicles specifically engineered to reduce urban pollution and support commercial last-mile logistics. The organization utilizes a full-stack manufacturing approach to develop commercial electric vehicles that prioritize operational performance over initial price, while simultaneously deploying the necessary charging infrastructure to support enterprise supply chains. Operating primarily within the commercial electric vehicle sector, the enterprise has successfully deployed over 250 electric vehicles across its target markets and secured $2.6 million in venture capital funding during a March 2021 investment round. Euler supplies its specialized cargo vehicles to major corporate logistics customers including BigBasket, EcomExpress, and Udaan, while receiving strategic financial backing from prominent institutional investors such as Blume Ventures and Tiger Global. The commercial automotive company was founded in 2018 by Saurav Kumar.
Euler has raised $75.1M across 5 funding rounds.
Euler has raised $75.1M in total across 5 funding rounds.
Euler has raised $75.1M across 5 funding rounds. Most recently, it raised $2.3M Seed in November 2025.
Euler is an Icelandic deep-tech startup that develops AI-powered software for real-time fault detection in industrial 3D printing processes, specifically laser powder bed fusion (LPBF) and selective laser sintering (SLS).[1][2][3] The platform integrates with existing 3D printers using built-in camera data and AI algorithms to monitor builds, flag defects before they occur, and eliminate the need for costly additional hardware, enabling manufacturers to produce reliable parts at scale while reducing failed builds by 77% and boosting revenue through improved equipment effectiveness.[1] It serves industrial manufacturers like Alloyed (additive manufacturing), KMWE (aerospace, semiconductor, healthtech, industrial), and research organizations such as the Danish Technological Institute and Korea Institute of Industrial Technology; the company recently raised €2M to scale, launch publicly at Formnext 2025, and announce partnerships with Autodesk and Scanlab.[1]
Euler's growth momentum includes transitioning from an invite-only paid pilot to open sign-ups, filing three patents, and trademarking core tech, positioning it to address key barriers in additive manufacturing like cost, scalability, and quality.[1][3]
Euler emerged as a spinout from the Technical University of Denmark, leveraging deep AI and process expertise in 3D printing.[1][2][3] Co-founder and CEO Dr. Eythor Runar Eiriksson leads the team, though full founder details remain limited in public records.[1] The idea stemmed from recognizing persistent challenges in additive manufacturing—despite its potential, issues like defect-prone builds hindered reliability—prompting the development of software that uses existing printer cameras for automated monitoring.[1][3] Early traction came via collaborations, including a white paper with the Danish Technological Institute demonstrating major efficiency gains, and paid pilots with industry players, culminating in the €2M funding round announced in November 2025.[1]
Euler rides the resurgence of additive manufacturing (3D printing), targeting its core pain points—quality assurance and scalability—to unlock industrial adoption amid hype fatigue.[1][3] Timing aligns with AI advancements enabling predictive monitoring without hardware overhauls, fueled by market forces like aerospace and healthtech demands for precise, cost-effective parts.[1] By partnering with printers and research institutes, Euler influences the ecosystem, solidifying 3D printing as a viable production method and accelerating its shift from prototyping to high-volume manufacturing.[1]
Euler's €2M raise fuels team growth, product rollout, and partnerships, setting it up for exponential scaling post-Formnext launch.[1] Trends like AI-driven manufacturing and sustainable production will propel it, potentially expanding to more printing modalities or sectors. Its influence may evolve from niche fault detection to a standard layer in industrial 3D workflows, transforming unreliable hype into dependable reality for manufacturers worldwide.
Euler has raised $75.1M in total across 5 funding rounds.
Euler's investors include Asthildur Otharsdottir, Erik Paasikivi, Katie Haun, Coinbase Ventures, FTX Ventures, Jane Street, Jump Crypto, Uniswap Labs Ventures, Variant, Haun Ventures, 11, Accel.