Ad

Ad

Ad

Ad

Indian Two Wheeler Start-up River Secures $40 Million in Funding from Yamaha Motor

By
Mohit Kumar
Mohit Kumar
|Updated on:07-Feb-2024 05:26 AM

Share via:


Follow Us:

google-news-follow-icon
noOfViews-icon

24,345 Views



ByMohit Kumar

Updated on:07-Feb-2024 05:26 AM

noOfViews-icon

24,345 Views

share-icon

Follow Us:

google-news-follow-icon

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.

Indian Two Wheeler Start-up River Secures $40 Million in Funding from Yamaha Motor
Yamaha Motors Invested 40 Million Dollars in River

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

  • Indian electric two-wheeler startup, River, secures a significant $40 million in Series B funding.
  • Yamaha Motor Co., Ltd. leads the funding round, emphasizing confidence in River's potential.
  • Funds to be allocated towards research, development, and market expansion of River's innovative electric "SUV" two-wheeler.
  • Strong investor participation from existing backers underscores growing interest in EV technology.
  • River's cumulative funding reaches $68 million across four rounds, reflecting a promising trajectory in India's EV market.

Yamaha Motor's Strategic Investment

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.

River's Innovative Approach

Ad

Ad

Indian Two Wheeler Start-up River Secures $40 Million in Funding from Yamaha Motor

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.

Utilisation of Funds

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.

Investor Participation

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.

Cumulative Funding

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.

CarBike360 Says

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.


Follow Us:

whatsapp-follow-icon
instagram-follow-icon
youtube-follow-icon
google-news-follow-icon

More News

TVS Apache RTR Black Edition Launched: A New Aesthetic Rival in the 160cc Segment

TVS Apache RTR Black Edition Launched: A New Aesthetic Rival in the 160cc Segment

Introducing the TVS Apache RTR Black Edition, the latest contender in the 160cc segment. Unleash its sleek design and impressive features.

17-May-2024 01:43 PM

Read Full News
TVS Apache RTR Black Edition Launched: A New Aesthetic Rival in the 160cc Segment

TVS Apache RTR Black Edition Launched: A New Aesthetic Rival in the 160cc Segment

Introducing the TVS Apache RTR Black Edition, the latest contender in the 160cc segment. Unleash its sleek design and impressive features.

17-May-2024 01:43 PM

Read Full News
Kia Introduces Lease Program in India- Prices Start At Rs. 22000

Kia Introduces Lease Program in India- Prices Start At Rs. 22000

Kia has launched a lease program in India, offering customizable lease terms from 24 to 60 months in major cities. Partnering with ORIX, the program eliminates insurance, maintenance, and resale concerns, allowing customers to drive Kia cars without a down payment and upgrade models after the lease term.

17-May-2024 01:12 PM

Read Full News
Kia Introduces Lease Program in India- Prices Start At Rs. 22000

Kia Introduces Lease Program in India- Prices Start At Rs. 22000

Kia has launched a lease program in India, offering customizable lease terms from 24 to 60 months in major cities. Partnering with ORIX, the program eliminates insurance, maintenance, and resale concerns, allowing customers to drive Kia cars without a down payment and upgrade models after the lease term.

17-May-2024 01:12 PM

Read Full News
Wait For Tata Altroz Racer or Buy Hyundai i20 N Line? Here’s What You Should Know

Wait For Tata Altroz Racer or Buy Hyundai i20 N Line? Here’s What You Should Know

Tata Motors is gearing up to launch the sportier Altroz Racer, set to rival Hyundai's i20 N Line in India. Both promise unique interiors, modern features, and powerful engines. While the i20 N Line emphasizes a spirited drive, the Altroz Racer may offer affordability and aggressive styling. Pricing starts at around Rs. 9 lakh.

17-May-2024 09:14 AM

Read Full News
Wait For Tata Altroz Racer or Buy Hyundai i20 N Line? Here’s What You Should Know

Wait For Tata Altroz Racer or Buy Hyundai i20 N Line? Here’s What You Should Know

Tata Motors is gearing up to launch the sportier Altroz Racer, set to rival Hyundai's i20 N Line in India. Both promise unique interiors, modern features, and powerful engines. While the i20 N Line emphasizes a spirited drive, the Altroz Racer may offer affordability and aggressive styling. Pricing starts at around Rs. 9 lakh.

17-May-2024 09:14 AM

Read Full News
5 Door Suzuki Jimny Heritage Edition Debuts in Australia; Check Details

5 Door Suzuki Jimny Heritage Edition Debuts in Australia; Check Details

The Japanese automaker has unveiled the 5-door Jimny Heritage Edition in Australia, limited to 500 units. It features red and orange decals, a 9-inch touchscreen infotainment system, and advanced safety features. Powered by a 1.5-litre NA petrol engine, it offers 105 PS and 134 Nm of torque, with both manual and automatic transmission options.

17-May-2024 07:11 AM

Read Full News
5 Door Suzuki Jimny Heritage Edition Debuts in Australia; Check Details

5 Door Suzuki Jimny Heritage Edition Debuts in Australia; Check Details

The Japanese automaker has unveiled the 5-door Jimny Heritage Edition in Australia, limited to 500 units. It features red and orange decals, a 9-inch touchscreen infotainment system, and advanced safety features. Powered by a 1.5-litre NA petrol engine, it offers 105 PS and 134 Nm of torque, with both manual and automatic transmission options.

17-May-2024 07:11 AM

Read Full News
BMW Introduces X3 M Sport Shadow Edition, Priced at Rs 74.90 Lakh

BMW Introduces X3 M Sport Shadow Edition, Priced at Rs 74.90 Lakh

BMW introduces the X3 M Sport Shadow Edition, priced at Rs 74.90 lakh, boasting sporty enhancements and advanced features. Positioned between existing variants, it promises a blend of performance and luxury.

16-May-2024 12:33 PM

Read Full News
BMW Introduces X3 M Sport Shadow Edition, Priced at Rs 74.90 Lakh

BMW Introduces X3 M Sport Shadow Edition, Priced at Rs 74.90 Lakh

BMW introduces the X3 M Sport Shadow Edition, priced at Rs 74.90 lakh, boasting sporty enhancements and advanced features. Positioned between existing variants, it promises a blend of performance and luxury.

16-May-2024 12:33 PM

Read Full News
Mahindra XUV 3XO Breaking Records: Over 50,000 Bookings in 60 Minutes | Delivery Begins from 26th May

Mahindra XUV 3XO Breaking Records: Over 50,000 Bookings in 60 Minutes | Delivery Begins from 26th May

Look at the record-breaking Mahindra XUV 3XO with over 50,000 bookings in just 60 minutes. Get ready for delivery starting from 26th May!

16-May-2024 11:37 AM

Read Full News
Mahindra XUV 3XO Breaking Records: Over 50,000 Bookings in 60 Minutes | Delivery Begins from 26th May

Mahindra XUV 3XO Breaking Records: Over 50,000 Bookings in 60 Minutes | Delivery Begins from 26th May

Look at the record-breaking Mahindra XUV 3XO with over 50,000 bookings in just 60 minutes. Get ready for delivery starting from 26th May!

16-May-2024 11:37 AM

Read Full News

Ad

Ad

Explore Other Cars Brands

Cars In India

Maruti Swift

Maruti Swift

₹ 6.49 - 9.64 Lakh

Isuzu V-Cross

Isuzu V-Cross

₹ 21.20 - 30.96 Lakh

Force Motors Gurkha

Force Motors Gurkha

₹ 16.75 - 18.00 Lakh

Skoda Kushaq

Skoda Kushaq

₹ 11.99 - 20.49 Lakh

Ad

Ad

Ad