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Bengaluru-Based EV Startup River Raises Rs 335 Cr Led By Yamaha Motor

Bengaluru-Based EV Startup River Raises Rs 335 Cr Led By Yamaha Motor
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River Two Wheeler Funding: EV maker River raises USD 40 mn in Series B funding from Yamaha Motor and others, working on second electric scooter, ET Auto

River Two Wheeler Funding: Bengaluru-based electric two-wheeler maker River has raised USD 40 million in Series B funding led by Yamaha Motor Co. The funds will be used to ramp up production, expand the distribution network, and launch a second product within two years. River s first product, Indie, has received positive customer response and the company plans to increase volumes and expand to 10 cities by the end of this fiscal year.

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River Indie price, range, features, company funding, Yamaha

River Indie price, range, features, company funding, Yamaha
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Bengaluru-based EV startup River raises Rs 335 crore led by Yamaha Motor

Existing investors Al Futtaim Group, Lowercarbon Capital, Toyota Ventures and Maniv Mobility also participated in the round, the EV startup said in a statement.

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Yamaha invests $20 million in electric 2-wheeler startup River

Yamaha has invested $20 million in Bangalore-based startup River.Yamaha, along with existing investors Al Futtaim Group, Lowercarbon Capital, Toyota Ventures and Maniv Mobility, have poured $40 million into River as part of the Series B round.

Hajime jim aotaAl futtaim groupYamaha motor coBusiness development centreLowercarbon capitalToyota venturesManiv mobilityChief general managerNew business development centreYamaha motor