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EV Startup River Raises USD 15 Mn in Funding Round Led by Dubai-based Al Futtaim Group

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Bengaluru-based EV startup, River, secures $15M in funding, led by Al Futtaim Group. Investors include Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. The new capital will bolster manufacturing capabilities and pave the way for Indie's market launch in August. Indie, River's e-scooter, comes with 60km range, crash guards, front foot-pegs, and 14-inch wheels.

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