River Mobility raises $120M to expand production and target 350+ stores by 2028
Electric-scooter maker River Mobility has raised $120 million in Series C equity and debt funding to expand manufacturing near Bengaluru, launch utility-lifestyle products and improve margins. The company has more than 75 stores and plans to cross 350 outlets by March 2028.
River Mobility raised $120 million in Series C equity and debt to expand Bengaluru-area manufacturing, launch utility-lifestyle products and improve margins. The electric-scooter maker operates 75-plus Indian stores and aims to exceed 350 by March 2028.
Why this matters
The funding advances River Mobility's recent retail-network expansion pattern, following signals on plans to exceed 200 outlets and expand beyond 350 stores in India.
Retail-company signals are accelerating, up 183375% quarter over quarter.
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