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River Mobility raised $120 million in Series C funding led by Elev8 and Claypond Capital to expand manufacturing and launch new utility products.
PRIVATEAug 05, 2026•4 days ago
Amount Raised
$120 Million
Round Type
Series C
BengaluruAutomotiveElectric VehicleInvestors
Stride VenturesInnoven CapitalAlteria CapitalMitsui & CoAl Futtaim GroupYamaha Motor CorporationHdfc AmcJif Capital360 One AssetAnicut CapitalSingularity AmcClaypond CapitalElev8 Venture Partners
Description
Electric two wheeler maker River Mobility has raised $120 million in a Series C funding round comprising equity and venture debt. The equity round was led by Elev8 Venture Partners and Claypond Capital, with involvement from multiple investors. The company plans to use the funds to expand its manufacturing capacity and improve profitability. River aims to establish itself as a leading brand in the utility-oriented electric mobility sector in India.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech