# River

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/river

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bangalore, India
- Website: www.rideriver.com
- Total disclosed funding: $68M
- Latest round: Series C (Aug 5, 2026)
- Investors on record: 16

## About

Founded in 2020 by Aravind Mani (Chief Executive Officer) and Vipin George (Chief Product Officer) and based in Bangalore, India, River, is a designer and developer of two-wheel electric vehicles and is operated by World of River Pvt. Ltd. In August 2026, River Mobility Private Limited raised an amount of equity and venture debt funding co-led by Elev8 Venture Partners and Claypond Capital, with participation from Anicut Capital, Singularity AMC, 360 ONE, JIF Capital, HDFC Asset Management Company, Al-Futtaim, Yamaha Motor Co., Ltd., Mitsui Global Investment, Alteria Capital, InnoVen Capital, and Stride Ventures. The round was a part of a larger USD 120 million in equity and debt funding. The company was founded by Aravind Mani and Vipin George.
River offers electric two-wheelers (EV 2-Wheeler) in blue, red, and yellow featuring lock & load pannier mounts, a detachable floor cage, an all-weather top box, front foot pegs, 12 liters lockable glove box with USB charger, and 43 liters under seat storage. River Mobility Private Limited generates revenue through direct-to-consumer sales of the River Indie electric scooter via online booking and city stores, plus paid ownership add-ons such as accessories, Extended Warranty, and RoadSide Assistance for Indie owners.The company will use the August 2026, funding to expand capacity at its existing manufacturing facility, establish a new greenfield manufacturing plant, and launch new products in the utility lifestyle segment. The company will also use the capital for initiatives to drive gross margin expansion and EBITDA profitability.

## Funding rounds

- Series C, Aug 5, 2026 — Mitsui Global Investment, Singularity AMC, JIF Capital, Maniv Mobility, Yamaha Motor Ventures, 360 ONE, Anicut Capital, Toyota Ventures, Marubeni Ventures, Lowercarbon Capital, Al-Futtaim, Elev8 Venture Partners, HDFC Asset Management Company, Claypond Capital
- Series B, Feb 6, 2024, $40M — Maniv Mobility, Yamaha Motor Ventures, Toyota Ventures, Lowercarbon Capital, Al-Futtaim
- Series B, Jun 6, 2023, $15M — Lowercase Capital, Maniv Mobility, Trucks Venture Capital, Toyota Ventures, Al-Futtaim
- Series A, Aug 2, 2022, $11M — Toyota Ventures, Lowercarbon Capital
- Seed, Mar 3, 2021, $2M — Maniv Mobility, Trucks Venture Capital

## Investors

- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Seed, Series B, Series C
- Trucks Venture Capital (https://capitalatlas.ai/funds/trucks-venture-capital) — Seed, Series B
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A, Series B, Series C
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series A, Series B, Series C
- Lowercase Capital (https://capitalatlas.ai/funds/lowercase-capital) — Series B
- Al-Futtaim — Series B, Series C
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series B, Series C
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series C
- Singularity AMC (https://capitalatlas.ai/funds/singularity-amc) — Series C
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series C
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series C
- Anicut Capital (https://capitalatlas.ai/funds/anicut-capital) — Series C
- Marubeni Ventures — Series C
- Elev8 Venture Partners (https://capitalatlas.ai/funds/elev8-venture-partners) — Series C
- HDFC Asset Management Company (https://capitalatlas.ai/funds/hdfc-asset-management-company) — Series C
- Claypond Capital — Series C