River Mobility raises $120m to take its India retail network beyond 200 outlets
The Bengaluru electric-scooter maker will use Series C funding to expand manufacturing, launch new products and grow from 75 outlets to more than 200 by March 2027. River is targeting 400 large-format stores across 180 cities by March 2028.
Bengaluru electric-scooter maker River Mobility raised $120 million in Series C funding to add manufacturing capacity, launch products and expand its Indian retail network from 75 outlets to over 200 by March 2027, with 400 large-format stores targeted by March 2028.
Why this matters
River Mobility’s $120 million raise follows its recent signal on expanding production and taking its retail network to 400 outlets, reinforcing a multi-year push to scale stores alongside manufacturing.
Store-opening is steady, with 1,751 signals recorded in the past 90 days.