Yamaha-Backed River Mobility Raises $120 Million to Expand EV Production
River Mobility, a Yamaha-backed electric scooter maker in India, raised $120 million in a Series C round. The funding will support expansion of its Karnataka manufacturing facility and portfolio growth to meet rising EV demand. The company has sold 27,533 Indie scooters as of July and expects sales to more than double, possibly triple, this year.