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 $66 million across 4 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
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name River Mobility Private Limited
- Jurisdiction Bangalore North, Karnataka, India
-
Annual Revenue
$639.66 K (USD)28718.42as on Mar 31, 2024
-
Net Profit
$-9.69 M (USD)-318.67as on Mar 31, 2024
-
EBITDA
$-6.92 M (USD)-277.05as on Mar 31, 2024
-
Total Equity Funding
$66 M (USD)
in 4 rounds
-
Latest Funding Round
-
Investors
Mitsui & Co.
& 7 more
-
Employee Count
337
as on Mar 19, 2025
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of River
River offers a comprehensive portfolio of products and services, including Indie. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric scooter designed for urban mobility and convenience.
Unlock access to complete
Unlock access to complete
Funding Insights of River
River has successfully raised a total of $66M across 4 strategic funding rounds. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
-
First Round
First Round
(01 Jul 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - River | Valuation | Marubeni Ventures , Mitsui |
|
| Feb, 2024 | Amount | Series B - River | Valuation | Yamaha Motor | |
| Jun, 2023 | Amount | Series B - River | Valuation | Al-Futtaim |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in River
River has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitsui & Co., Yamaha and Al-Futtaim. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Food delivery sectors are invested in by Marubeni Ventures.
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on tech startups
|
Founded Year | Domain | Location | |
|
Venture capital firm and infrastructure firm investing in multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by River
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - River
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
River Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric scooters and motorcycles are manufactured with related accessories.
|
|
| domain | founded_year | HQ Location |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
|
|
| domain | founded_year | HQ Location |
Electric scooters are developed and battery swapping networks are operated.
|
|
| domain | founded_year | HQ Location |
Manufacturer offering electric scooters and mobility solutions
|
|
| domain | founded_year | HQ Location |
Retailer of electric scooters offering test rides, maintenance, and financing
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on River
Frequently Asked Questions about River
When was River founded?
River was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is River located?
River is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of River?
Aravind Mani is the current CEO of River. They have also founded this company.
Is River a funded company?
River is a funded company, having raised a total of $66M across 4 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Jul 01, 2022.
How many employees does River have?
As of Mar 19, 2025, the latest employee count at River is 337.
What is the annual revenue of River?
Annual revenue of River is $639.66K as on Mar 31, 2024.
What does River do?
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.
Who are the top competitors of River?
River's top competitors include Ather Energy, Ola Electric and BGauss.
What products or services does River offer?
River offers Indie.
Who are River's investors?
River has 8 investors. Key investors include Mitsui & Co., Yamaha, Al-Futtaim, Marubeni Ventures, and Lowercarbon Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.