River

EV · Two-Wheelers · India

Funding

River raises $120M Series C to scale production, launch new models

The startup built its early scale around a single scooter model, an unusual playbook in India's crowded EV two-wheeler market.

• River, the Bengaluru-based electric two-wheeler maker, raised $120 million in a Series C round to scale production and launch additional models, according to TechCrunch.
• River's flagship scooter, the River Indie, has won both the Red Dot Design Concept Award (2024) and Red Dot Product Design Award (2025), a rare back-to-back feat for an Indian two-wheeler.
• The Indie runs a 4 kWh battery for an IDC-certified 160 km range, a 90 km/h top speed, and can climb gradients up to 18 degrees, specs aimed at hilly, mixed-terrain markets.
• TechCrunch framed the raise as funding River's shift from scaling one model to expanding both manufacturing capacity and its product lineup.
• The round shows investors are still betting on hardware-heavy EV startups in India, where the next hurdle after early product-market fit is proving manufacturing can scale profitably.