New Delhi, May 19 -- Hero MotoCorp-backed electric commercial vehicle maker Euler Motors plans to double its revenue in 12-15 months and achieve profitability by 2029.

The company, which makes electric three- and four-wheeler commercial vehicles, is planning an aggressive expansion of its sales and distribution network to 80-100 cities in the next 12-15 months, up from 40 cities currently.

This came after the Delhi-based company closed a Rs.638 crore Series D funding round led by Hero MotoCorp, which also marked the entry of the country's largest two-wheeler player in the electric three-wheeler segment.

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"The fundraise will help us in solidifying our presence across...