Funding · Mobility & Logistics

River raises ₹800 crore for new plant

By Startup Enthusiast · 10 July 2026

What they do

River makes electric scooters, with its first model Indie launched in October 2023

It is raising about ₹800 crore from Anicut Capital, Claypond Capital and Elev8 to build a new plant

The new plant in Whitefield, Karnataka will have a capacity of 5 lakh units per year, up from 1 lakh

River has finalised a land parcel in Whitefield, Karnataka for a new manufacturing plant.
The new plant will have a target capacity of 5 lakh units per year.
River's current capacity is 1 lakh units per year.
The company requires 25-50 acres of land for the new plant.
River is gearing to raise around ₹800 crore from Anicut Capital, Claypond Capital, Elev8 and others.
River's first product, the Indie, was launched in October 2023.

The new plant will quintuple River's production capacity, signalling strong demand for its electric scooters.
The funding round includes notable investors like Anicut Capital, Claypond Capital and Elev8.
River's existing stakeholders include Yamaha Motor Co, Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures and Maniv Mobility.

River is a design company reshaping personal transportation for livelihood.
Its product is the River Indie electric scooter, described as the SUV of scooters.
The Indie features 14-inch alloy wheels, 55 litres of storage (12L glovebox + 43L under-seat) and front foot-pegs.
The scooter was fully designed and developed at River's Bengaluru R&D facility.
River's first factory is in Hoskote.
The Indie won Red Dot awards for Concept Design (2024) and Product Design (2025).
River is present in eleven states and growing.

Product: Premium electric scooters and utility electric vehicles with proprietary battery technology and smart features
Customers: Indian consumers seeking premium electric two-wheelers for daily commute and lifestyle use
How it makes money: Direct-to-consumer electric vehicle manufacturer with retail network and after-sales service centers
What sets it apart: Focus on premium positioning with advanced battery technology, design quality and expanding retail presence across 350+ stores