River raises USD 15 million in funding

    This is the largest injection of funds that the Bengaluru-based startup has seen.

    Published On Jun 07, 2023 12:24:00 PM


    River Indie price, range, features, company funding.
    Listen to this Article

    Bengaluru-based start up, River, has raised USD 15 million in a round of funding, led by the Al Futtaim Group. The Al Futtaim Group is a large conglomerate that has dealerships and distribution channels for many globally known automotive brands such as Toyota, Lexus, Honda and Jeep. Existing investors Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC also participated in this round. 

    The newly secured capital will boost the company’s manufacturing process and help it stay on course for its product’s upcoming market launch, in August 2023. The new funding marks River's third round, following a USD 2 million seed round in March 2021 and a USD 11 million Series A round in July 2022.

    We found the River Indie to be quite an impressive product when we got a chance to get up close with it and to see our walkaround video and hear our first impressions, click here. The Indie is the only e-scooter to run on 14-inch wheels at both ends and it is designed to put practicality over outright sporting intentions. To see how the Indie stacks up against the leading Indian e-scooters on paper, click here

    Also See:

    River Indie e-scooter: your questions answered

    Opinion: Is it really that Simple?

    Copyright (c) Autocar India. All rights reserved.



    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Bike Price

    Poll of the month

    Would you buy a CNG bike?

    Yes, the running costs are too good to ignore.



    No, CNG comes with too many compromises.



    EVs are more affordable to run and greener



    Total Votes : 514
    Sign up for our newsletter

    Get all the latest updates from the automobile universe