Yamaha Motor backs EV startup River Raised $40M in Series B Funding

Bengaluru-based startup, River, specializing in multi-utility electric scooters, announces a $40 million (335 INR Crores) Series B funding led by Yamaha Motor Co., Ltd.

Hajime  Jim Aota

Chief General Manager of New Business Development Centre, Yamaha Motor Co., Ltd

We are impressed by River's progress in such a short period, especially with the strong focus on design and technology.

Aravind Mani

Co-founder and CEO of River

The investment significantly boosts our plan to build a Billion-dollar global utility-lifestyle brand by 2030. We have built a great base in R&D and manufacturing over the last two years and now, it’s time to grow.

River Raises $68 Million in Funding for Expansion

Since its inception in March 2021, River has secured a cumulative fund of $68 million (565 INR Crores) in its latest funding round. This achievement marks a significant milestone in the company’s growth trajectory.

Paul Willis

CEO of Al-Futtaim Automotive

Expresses satisfaction in witnessing River’s growth journey since its initial investment in 2023. Recognizing River’s distinctive presence in the Indian market, Willis emphasizes the company’s unique position.

River’s Global Expansion Outlook

River’s impressive funding round signifies more than just financial backing; it symbolizes a vote of confidence in the company’s potential for global expansion.