River Mobility targets 200 stores by March 2027 after $120m Series C raise
Bengaluru-based River Mobility will use its $120 million Series C funding to add two electric scooters, build a greenfield factory and expand its retail footprint to about 200 stores by March 2027.
River Mobility raised $120 million to add two electric scooters, build a greenfield factory and expand to about 200 stores by March 2027. The Bengaluru EV maker targets EBITDA break-even at 25,000 monthly sales, versus current sales of 6,000-7,000 units.
Why this matters
The plan follows River Mobility's recent $120M funding signals, which projected 350-plus India stores by March 2028, extending its retail-network expansion timeline.
Store-opening activity is steady, with 1,759 signals in 90 days; QoQ change was not provided.