Ad
Ad
Discover the promising potential of Indian startup River, a leading electric two-wheeler specialist, as it secures a remarkable $40 million in Series B funding, backed by Yamaha Motor Co, Ltd.
In a significant development within the electric vehicle (EV) sector, Indian startup River, specialising in electric two-wheelers, has successfully secured $40 million in funding. This funding round, designated as Series B, was led by Yamaha Motor Co, Ltd., demonstrating a strong endorsement of River's potential and the EV market in India.
Key Highlights
Yamaha Motor Co., Ltd. (Tokyo: 7272) has made a strategic investment in River as part of its Series B funding round. This investment reflects Yamaha's commitment to expanding its presence in the EV sector and aligning with its broader sustainability objectives.
Ad
Ad
River, known for its innovative approach to electric scooter manufacturing, has quickly emerged as a key player in India's electric two-wheeler market. With the formation of River Mobility Private Limited in Bengaluru, the company is well-positioned to cater to the increasing demand for eco-friendly transportation solutions in India.
The $40 million raised in this funding round will primarily be allocated towards increasing research and development expenditure and expanding the market presence of River's first electric "SUV" two-wheeler in India. This strategic allocation underscores River's commitment to innovation and growth in the EV sector.
Apart from Yamaha Motor, River's Series B funding round saw participation from existing investors, including Al-Futtaim Automotive, Lower carbon Capital, Toyota Ventures, Trucks Venture Capital, and Maniv Mobility. This collective support further validates River's potential and underscores the growing interest in electric vehicle technology.
With this latest funding, River has cumulatively raised $68 million across four rounds. This includes the previous round of $15 million announced in June, reflecting the confidence of investors in River's vision and capabilities.
River's ambitious plans, coupled with strong backing from major investors, highlight the increasing interest and investment in electric vehicle technology, particularly in the two-wheeler segment. As the world transitions towards more sustainable transportation options, startups like River are at the forefront of driving innovation and development in the EV industry.
Next-Gen Apache RR 310 Spy Shots Hint at Significant Upgrades
The upcoming 2025 TVS Apache RR 310 has been spied testing, showcasing winglets, and hinting at significant electronic upgrades, potentially elevating its position in the segment.
07-Sep-2024 10:40 AM
Read Full NewsNext-Gen Apache RR 310 Spy Shots Hint at Significant Upgrades
The upcoming 2025 TVS Apache RR 310 has been spied testing, showcasing winglets, and hinting at significant electronic upgrades, potentially elevating its position in the segment.
07-Sep-2024 10:40 AM
Read Full NewsBMW and Toyota Collaborate to Launch Hydrogen Fuel Cell Vehicles by 2028
BMW and Toyota join forces to develop next-generation hydrogen fuel cell vehicles, set for release in 2028, and push forward a sustainable hydrogen refuelling infrastructure.
07-Sep-2024 07:39 AM
Read Full NewsBMW and Toyota Collaborate to Launch Hydrogen Fuel Cell Vehicles by 2028
BMW and Toyota join forces to develop next-generation hydrogen fuel cell vehicles, set for release in 2028, and push forward a sustainable hydrogen refuelling infrastructure.
07-Sep-2024 07:39 AM
Read Full NewsNew Bajaj Chetak Blue 3202 Debuts at Rs. 1.15 lakh, Taking Over the Urbane
The Bajaj Chetak Blue 3202 features a longer range, higher speed with TecPac, and advanced app functions at a lower price. Its gaining ground on competitors like iQube and Ola S1
07-Sep-2024 07:02 AM
Read Full NewsNew Bajaj Chetak Blue 3202 Debuts at Rs. 1.15 lakh, Taking Over the Urbane
The Bajaj Chetak Blue 3202 features a longer range, higher speed with TecPac, and advanced app functions at a lower price. Its gaining ground on competitors like iQube and Ola S1
07-Sep-2024 07:02 AM
Read Full NewsScout to Unveil Two Electric Concepts in 2026
Scout, Volkswagen’s revived 4x4 brand, will debut electric SUV and pickup models inspired by the Scout II, with production beginning in 2026 at a new South Carolina plant.
07-Sep-2024 06:40 AM
Read Full NewsScout to Unveil Two Electric Concepts in 2026
Scout, Volkswagen’s revived 4x4 brand, will debut electric SUV and pickup models inspired by the Scout II, with production beginning in 2026 at a new South Carolina plant.
07-Sep-2024 06:40 AM
Read Full NewsSpeed Twin 1200 RS Teased: Triumph Expands Modern Classic Line-up
Triumph's upcoming Speed Twin 1200 RS promises enhanced performance and striking new aesthetics. The teaser hints at premium features and a potential power boost for the modern classic motorcycle.
07-Sep-2024 06:04 AM
Read Full NewsSpeed Twin 1200 RS Teased: Triumph Expands Modern Classic Line-up
Triumph's upcoming Speed Twin 1200 RS promises enhanced performance and striking new aesthetics. The teaser hints at premium features and a potential power boost for the modern classic motorcycle.
07-Sep-2024 06:04 AM
Read Full NewsSkoda Slavia and Kushaq: 1.5L EVO TSI Now Automatic-Only
Skoda removes manual gearbox option for 1.5L EVO TSI engine in Slavia and Kushaq models, potentially affecting enthusiast buyers and market dynamics in the Indian automotive sector.
06-Sep-2024 01:26 PM
Read Full NewsSkoda Slavia and Kushaq: 1.5L EVO TSI Now Automatic-Only
Skoda removes manual gearbox option for 1.5L EVO TSI engine in Slavia and Kushaq models, potentially affecting enthusiast buyers and market dynamics in the Indian automotive sector.
06-Sep-2024 01:26 PM
Read Full NewsAd
Ad
Mercedes-Benz Maybach EQS SUV
₹ 2.25 Cr
Tata Curvv
₹ 9.99 - 19.00 Lakh
Maserati GranTurismo
₹ 2.72 - 2.90 Cr
Aston Martin Vantage
₹ 3.99 Cr
Audi Q8
₹ 1.17 Cr
Hyundai Alcazar facelift
₹ 17.00 - 22.00 Lakh
MG Windsor EV
₹ 25.00 - 30.00 Lakh
Mahindra XUV300 Electric
₹ 15.00 Lakh
Mercedes-Benz EQS 2024
₹ 2.00 Cr
Hyundai Ioniq 5 N
₹ 45.95 Lakh
Ad
Ad
Ad