Series D funding

The fresh capital will be deployed to expand Euler Motors' nationwide sales and service network and accelerate the development of new electric commercial vehicle (ECV) products aimed at mass adoption.

The fresh funds will fuel 1-India Family Mart's expansion to 100 stores by 2029, focusing on tier II–IV cities and aiming to achieve INR 600 crore in revenue.

The fresh capital will be directed towards the development of next-generation infrared sensors, commercial deployment of high-power microwave (HPM) technologies to counter modern battlefield threats, and working capital support for global expansion and ongoing programs.

This marks Elev8's third investment, following its earlier backing of IDfy and Astrotalk.