business β‘ River EV nets $120M for massive production push
Indian EV startup River secured a $120 million Series C funding round to scale its manufacturing operations. The round was led by Elev8 Venture Partners and Claypond Capital, with participation from several other investors. This funding brings Riverβs total capital raised to $144 million, building on its 2021 founding. River currently sells 6,000 vehicles monthly with its Indie moped, aiming for profitability by 2028β29. The company plans to launch two new models and build a new facility by mid-2027. π