River Mobility Raises $120 Million, Plots Manufacturing Expansion

River raises $120 mn to fund next phase of EV expansion

River Mobility secures $120 million in Series C funding to expand manufacturing capacity, launch a second facility, and transition into a multi-product electric vehicle company with strong growth and retail expansion plans.

River Mobility raises $120 million to fuel expansion

River Mobility raises $120 million in an oversubscribed round to expand manufacturing, grow retail from 75 to 400+ stores, and develop new premium scooters.

River gears up for multi-product play, plans product expansion, new factory after $120 mn fundraise

The company has so far differentiated itself through a utility-focused offering instead of competing purely on price or performance.

River Mobility Raises $120 Million, Plots Manufacturing Expansion

The funding round saw participation from existing investors, including Yamaha Motor Corporation, among others.

Yamaha-backed Indian EV startup River Mobility raises $120 mln

River Mobility raises $120 mn to scale manufacturing, expand retail reach

The funding marks a rapid scale-up for River, which launched its first scooter, Indie, in 2023. It has raised about $190 million to date and sold over 50,000 units since.