He founded his first Startup Cube26 in 2012, which Paytm later bought in 2018.
That’s when he saw a potential opportunity in Electric Vehicle manufacturing.
And that laid the foundation of Euler Motors.
About Euler Motors
Euler Motors is an EV manufacturing vehicle. Saurav was exposed to air pollution during his stay in New Delhi, and Euler Motors main motive is decreasing pollution.
The Company develops 3-Wheeler and 4-Wheeler Vehicles used in delivering parcels and products. The Idea of an EV manufacturing startup came to Saurav Kumar in 2018, when he realised countries, such as the USA and China, shifting from fuel-based vehicles to EVs. He saw this massive hole in the Indian EV space, which could be filled by Euler space.
Euler has revolutionized the commercial vehicle space, and Euler reduced the cost of travel for these vehicles. Whereas a diesel-based 3-Wheeler takes 3 rupees per Kilometer, Euler only takes 60-70 paisa. That is a huge difference, and it helps small businesses to stay aloft and save some extra money.
Right now, Euler has over 200 employees manufacturing Cargo vehicles. They are based in New Delhi.
About Saurav Kumar.
Saurav Kumar is a son of a school teacher, Om Prakash Yadav, and he was born in Purnia, Bihar. He came from a poor household and had to struggle for everything in life.
His father quit his job as a Teacher to give full attention to his son’s education. Being a teacher’s son, Saurav was a bright student, and he completed his undergraduate from Delhi’s college of engineering.
He received the “Sulabh International” for studies in France and the United States. He completed his Master’s at Cornell University.
He tried to work on Unmanned Aerial vehicles (UAV) in his college days, but the startup failed due to the lack of funding and experience.
After graduation, he started working at Oracle as a Software Developer in New York. But he left the job in less than a year and joined Yahoo, which he left in 16 months.
He was working at Tech Yahoo, where he earned $150,000 per annum.
But Saurav wasn’t made for working under someone else.
He left the job at Yahoo and went on to start a company called Cube26. A startup developed to enhance users’ experience across multiple devices and platforms, customised Android and iOS applications and varied OEM applications.
Paytm bought it, in 2018 the same year he founded Euler Motors, at the age of 30.
Conclusion
Euler Motors future seems as bright as the Sun in the afternoon.
India is on its way to becoming one of the top 3 global auto markets, and Electric Vehicles will play an essential role in achieving that target. Euler Motors is going to play an Important Role in the goal.
I think it is safe to say, Saurav Kumar is the Indian Elon Musk, and the resemblance in their journey is uncanny.
Both came from a poor household; both were smart, young, and had worked on multiple startups. But After failing multiple times, they finally got success in the Electric Vehicle space.
The Euler Motors are only available in New Delhi, but they will soon be coming to other states, hopefully. Euler is yet to start working on passenger vehicles. Will they begin manufacturing 4-Wheelers and 2-Wheelers, or not is it yet to be seen?
Let’s hope for the best.
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