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Indian EV startup River raises $120M Series C to scale production, launch more models
River plans to build a new factory, launch additional models from 2027, and target profitability as it scales production.
AI Summary
Indian electric‑vehicle startup River announced a $120 million Series C funding round on Wednesday. The round was led by Indian investors Elev8 Venture Partners and Claypond Capital, with participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital, and HDFC AMC. Existing backers Yamaha Motor, Al‑Futtaim Group, and Mitsui also joined the round. River plans to use the capital to scale manufacturing for its next phase of growth.
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