Indian EV Startup River Raises Nearly 350 Crore Investment!

  • Published February 7, 2024
  • Views : 2382
  • 1 min read
  • bookmark
Interestingly, Yamaha is one of the top investors…

Indian EV Startup River Raises Nearly 350 Crore Investment!

Bangalore-based EV startup River has raised an investment of 40 million USD (Rs 335 crore) globally in an oversubscribed Series B round (second round of funding). Interestingly, Yamaha Motor Company and UAE automotive giant Al-Futtaim are among the top investors.

With the second round of funding, River has raised a total of 68 million USD (Rs 565 crore) since it was started in March 2021. The manufacturer plans to utilize it to expand its distribution and service network across India and to invest more in research and development for future products. 

  • Ather Rizta’s Seat Teased By CEO, Tarun Mehta

  • Ola Electric Launches The Ola S1 X (4kWh) At Rs 1.09 Lakh

  • EXCLUSIVE: Kinetic E-Luna Specifications & Features Disclosed In Interview With Founder & CEO

Yamaha's support should help River improve its future products by providing expertise, resources, and technology. Yamaha's automotive experience will offer valuable insights, enabling River to produce even better products.

Indian EV Startup River Raises Nearly 350 Crore Investment!

Launched in October 2023, the Indie electric scooter is the only product offered by River currently, which it calls the ‘SUV of scooters’ because of its practical and utilitarian design and capabilities. The Indies electric scooter was designed at River's Bengaluru Research and Development facility and was manufactured at the company's factory in Hoskote, situated on the outskirts of Bangalore. The first offline River store was opened in Bangalore in January 2024.

River Indie Video Review

Was this article helpful
Yes No

Add Your Comments

Add your comment here
  • View all comments
River Indie
Images | Colours
River Indie
4.6 65 user reviews
Starts at ₹ 1,45,999
View August Offers
Review and Win Banner

You May Also Like

River Indie Alternatives

See what our community has to say! NEW

India's largest automotive community

Explore Now
comminity image

Trending Scooters in India

All Scooters

Upcoming Cars in India

Upcoming Cars
River Indie Price in India
City On Road Price
Delhi Rs. 1,54,893
Kolkata Rs. 1,48,824
Bangalore Rs. 1,58,747
Hyderabad Rs. 1,53,859
Mumbai Rs. 1,48,824
Ahmedabad Rs. 1,48,777
Pune Rs. 1,51,674
Chennai Rs. 1,55,526
Patna Rs. 1,66,076
Jaipur Rs. 1,48,777
  • Latest
  • Popular

Top Bike Brands

  1. Home ›
  2. News ›
  3. Indian EV Startup River Raises Nearly 350 Crore Investment!
×