River Mobility raises $120m to scale retail network past 350 outlets by March 2028

The EV scooter maker will use its Series C funding to build a second factory, expand its Hoskote plant and grow its retail and service network from more than 75 stores to over 350 outlets by March 2028.

— Filed Wed, 5 Aug, 2026, 22:40 IST · Source Financial Express · BrandWagon · Updated

River Mobility raised $120 million to build a second factory, expand Hoskote capacity and scale its retail and service footprint from 75-plus stores to more than 350 outlets by March 2028.