River Mobility raises $120m to expand India retail network beyond 350 stores
Bengaluru-based electric two-wheeler maker River Mobility has raised $120 million in Series C equity and venture debt to add capacity, build a greenfield plant and grow its retail footprint from more than 75 stores to over 350 by March 2028.
River Mobility raised $120 million in Series C equity and venture debt to expand factory capacity, build a greenfield plant, launch utility-lifestyle EV products and grow its India retail network from over 75 stores to more than 350 by March 2028.
Why this matters
The raise follows recent River Mobility signals on scaling manufacturing and targeting 350+ India stores by 2028, reinforcing a combined production and retail-network expansion plan.
Store-opening is steady, with 1,756 signals recorded in the past 90 days.