River Mobility raises $120m to expand retail network to 200 stores by March 2027
The Bengaluru electric-scooter maker will use its Series C funding to build a new factory, launch two scooters and grow from 75 stores today to 200 by March 2027, with about 400 planned a year later.
Bengaluru-based River Mobility raised $120 million in Series C funding to build a larger factory, launch two scooters and expand from 75 to 200 stores by March 2027. The electric-scooter maker targets 400 stores a year later and EBITDA profitability by FY29.
Why this matters
Earlier River Mobility signals said the $120m raise would take its India network beyond 350 stores by March 2028. The latest plan specifies 200 stores by March 2027 and about 400 a year later.
Store-opening is steady, with 1,758 signals in the past 90 days.