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Yamaha Motor fuels River's ambitious electric SUV two-wheeler rollout in India | TechCrunch

TechCrunch · 1y

Indian electric two-wheeler startup, River, has raised $40m in a funding round led by Yamaha Motor. The funding will be used to increase R&D spending and expand the market presence of River's first electric "SUV" two-wheeler in India. The company plans to establish a distributor network that will eventually handle 90% of its sales. River aims to sell 9,000 vehicles per month by March 2026, equivalent to around $200m in turnover. The company has already delivered close to 200 units since launching sales in October.