About River
River is a company based in Bengaluru (India) founded in 2020 by Aravind Mani and Vipin George. It operates as a Direct-to-Consumer (D2C). River has raised $171.15 million across 8 funding rounds from investors including Mitsui & Co, Yamaha and Al-Futtaim. The company has 337 employees as of March 19, 2025. River offers products and services including Indie. River operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
- Headquarter Bengaluru, India
- Employees 337 as on 19 Mar, 2025
- Founders Aravind Mani, Vipin George
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name River Mobility Private Limited
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$639.66 K (USD)28718.42as on Mar 31, 2024
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Net Profit
-$9.69 M (USD)-318.67as on Mar 31, 2024
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EBITDA
-$6.92 M (USD)-277.05as on Mar 31, 2024
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Total Equity Funding
$171.15 M (USD)
in 8 rounds
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Latest Funding Round
$102 M (USD), Series C
Aug 05, 2026
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Investors
Mitsui & Co.
& 15 more
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Employee Count
337
as on Mar 19, 2025
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Products & Services of River
River offers a comprehensive portfolio of products and services, including Indie.
Electric scooter designed for urban mobility and convenience.
People of River
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Funding Insights of River
River has successfully raised a total of $171.15M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $102 million completed in August 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in River
River has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitsui & Co, Yamaha and Al-Futtaim.
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Food delivery sectors are invested in by Marubeni Ventures.
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Venture capital fund focused on tech startups
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Venture capital firm and infrastructure firm investing in multiple sectors
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Investor details for River
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Investments & Acquisitions by River
Investment portfolio details for River
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Financial Statements - River
Detailed financials for River
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River Comparisons
Peer comparison for River
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Competitors of River
River operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
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Electric scooters and motorcycles are manufactured with related accessories.
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Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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Electric scooters are developed and battery swapping networks are operated.
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Manufacturer offering electric scooters and mobility solutions
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Retailer of electric scooters offering test rides, maintenance, and financing
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Detailed competitors of River
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Latest news on River
Complete news archive for River
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Frequently Asked Questions about River
River was founded in 2020 and raised its 1st funding round 2 years after it was founded.
River is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Aravind Mani is the current CEO of River. They have also founded this company.
River is a funded company, having raised a total of $171.15M across 8 funding rounds to date.
As of Mar 19, 2025, the latest employee count at River is 337.
Annual revenue of River is $639.66K as on Mar 31, 2024.
River is engaged in the design and development of electric scooters tailored for urban transportation needs. The company operates within the personal mobility sector, offering solutions through its primary product, Indie. Emphasis is placed on reshaping personal transportation for both work and leisure purposes. Operations are based in Bengaluru, India, with a focus on innovative design and accessibility for urban commuters.
River's top competitors include Ather Energy, Ola Electric and BGauss.
River offers Indie.
River has 16 investors. Key investors include Mitsui & Co, Yamaha, Al-Futtaim, Marubeni Ventures, and Lowercarbon Capital.