River Mobility raises $120m to expand production and take retail network to 400 outlets
The Bengaluru electric-scooter maker will allocate nearly 40% of its Series C round to R&D and factory expansion, including a second southern India plant. River plans to grow from about 75 stores to more than 200 by March 2027 and around 400 by March 2028.
Bengaluru electric-scooter maker River Mobility raised $120 million in Series C funding, earmarking nearly 40% for R&D and factory expansion. It plans a second southern India plant, new utility scooters and a retail expansion from 75 stores to 400 outlets by March 2028.
Why this matters
No related recent River Mobility signals are available; the $120 million round sets a baseline for its planned expansion from about 75 stores to 400 outlets by March 2028.
Store openings are steady, with 1,750 signals recorded in the past 90 days.
Also reported by
- Outlook Business — Same time