New Delhi, Feb 6 (IANS) Bengaluru-based EV startup River on Tuesday said it has raised $40 million (about Rs 335 crore) in a Series B round led by Yamaha
Bengaluru-Based EV Startup River Raises Rs 335 Cr Led By Yamaha Motor menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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.
Existing investors Al Futtaim Group, Lowercarbon Capital, Toyota Ventures and Maniv Mobility also participated in the round, the EV startup said in a statement.