River Mobility raises $120M, targets 350+ outlets by March 2028
The electric-scooter maker plans to use the Series C funding across R&D, manufacturing, retail and after-sales. River, which has more than 75 stores, aims to add nearly 10 outlets a month as it scales its national footprint.
River Mobility raised $120 million to expand manufacturing, R&D, retail and service infrastructure. The electric-scooter maker, with 75-plus stores and roughly 3% market share, targets more than 350 outlets nationwide by March 2028 and plans a new scooter for 2027.
Why this matters
River Mobility's March 2028 goal follows recent Series C signals targeting 200 stores by March 2027, extending its retail expansion plan with a higher long-term outlet target.
Store-opening activity is steady, with 1,760 signals recorded in the past 90 days.