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Indian EV startup River raises $120M Series C to scale production, launch more models

TechCrunchAugust 5, 20263 min read

River plans to build a new factory, launch additional models from 2027, and target profitability as it scales production.

Indian electric vehicle startup River on Wednesday said it had raised $120 million to scale manufacturing for its next phase of growth. The Series C round was led by Indian investors Elev8 Venture Partners and Claypond Capital, with participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital, and HDFC AMC, alongside existing backers Yamaha Motor, Al-Futtaim Group, and Mitsui. Less than…

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