River funding, investors and company details

River is an emerging Automobile - EV startup from Bengaluru, working in the space of Electric two-wheelers (EV OEM – electric scooters). Founded by Aravind Mani, Vipin George.

Company: River Mobility Private Limited
Sector: Automobile - EV
Location: Bengaluru
Founders: Aravind Mani, Vipin George
Total funding raised: ₹419.04 Cr

Company overview

River is a electric vehicle startup focused on designing, manufacturing, and selling electric two-wheelers that combine practicality, strong design, and advanced technology. Founded in March 2021, the company aims to create EVs that seamlessly fit into everyday urban life, offering a clean and efficient alternative to petrol scooters. River’s flagship product, the River Indie, is positioned as a utility-lifestyle electric scooter built for daily commuting and light cargo needs. The company follows an in-house R&D-led approach with manufacturing near Bengaluru and sells through a growing network of company-owned and partner dealerships. Backed by global strategic and financial investors, River is scaling operations while expanding its product portfolio and market presence across India

Funding rounds

Latest round (Series B): Undisclosed Amount, 2024-07-10. Investors: Marubeni Ventures
Past round (Series B): $ 40.00 Mn (₹331.60 Cr.), 2024-02-07. Investors: Yamaha Motors, Lowercarbonn, Toyota Ventures, Al-Futtaim Automotive, Maniv Mobility
Past round (Series A): $ 11.00 Mn (₹87.44 Cr.), 2022-08-03. Investors: Toyota Ventures