River Electric Bikes in India

The funding round saw participation from existing investors, including Yamaha Motor Corporation, among others.

The milestone comes less than three years after the first unit rolled out of the company's Hoskote manufacturing facility.

The River Indie Gen 3 gets some new features and has been priced at Rs. 1,45,999 (Ex-showroom, Delhi).

The first unit of the Indie was rolled off the plant on August 25, 2023.

While the start-up is yet to reveal the exact positioning of its next model, it has confirmed it will stick to making utility-oriented scooters as it widens its reach across India.