River Mobility raises USD 120 million in funding
River Mobility raised $120 million (₹1,141 crore) in a Series C funding round, one of the largest in India's electric two-wheeler sector. The round, led by Elev8 Venture Partners and Claypond Capital, marks the first significant backing from Indian institutional investors and will support expansion, new product development, and profitability improvements. The company aims to increase its manufacturing capacity and grow its retail presence from 75 to over 350 stores by March 2028.