EV Start-Up River Plans Investment Boost
River, an electric two-wheeler maker, is set to scale up its operations with new stores, product launches, and expanded production.
Its current Bengaluru facility produces 3,000 units monthly, but the company plans to build greenfield plants and secure $120–130 million for the next growth phase.
Bengaluru-based electric two-wheeler start-up River aims for a tenfold increase in turnover by 2028 by expanding its product portfolio and sales network across India.
River is aiming for a tenfold increase in turnover by 2028.
Author's summary: River invests $120-130 million to expand operations.
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