EV Startup River Mobility Bags $120 Mn To Expand Manufacturing Capacity

by · Inc42

SUMMARY

  • River Mobility has raised $120 Mn in a Series C round co-led by Elev8 Venture Partners and Claypond Capital to expand manufacturing, launch new EVs and accelerate profitability
  • The fundraise underscores growing investor confidence in India's electric two-wheeler market as demand rebounds
  • The Series C round combines equity and venture debt, with participation from Indian institutional investors for the first time alongside existing global backers