Yamaha Motor Invests $40 million in Indian E-Scooter Startup
06 February 2024
Yamaha Motor, Japan, is leading the Series B Funding of River, a company that has secured total funding of USD 68 million since its inception in March 2021.
The company, which entered the domestic electric scooter market with its first e- scooter, Indie, and opened its first River store in Bengaluru, will use the funds to expand its distribution and service network.
The company’s co-founder and CEO, Aravind Mani, stated that the funds will be used to build on the company’s R&D and manufacturing base.