River Mobility raises $120M to scale manufacturing and grow to 350+ India stores
The Bengaluru EV maker’s Series C funding will support a new manufacturing plant, utility-lifestyle product launches and an expansion of its retail network from more than 75 stores to over 350 by March 2028.
River Mobility raised $120 million in Series C equity and debt to expand Bengaluru-area manufacturing, build a greenfield plant, launch utility-lifestyle products and grow its India store network from 75-plus locations to more than 350 by March 2028.
Why this matters
The funding extends River Mobility’s recent push to expand production and take its India retail network beyond 200 outlets, now setting a target of more than 350 stores by 2028.
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