Two-wheeler EV manufacturer River bags $15 Mn funding from Al Futtaim Group, others
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Two-wheeler EV manufacturer River on Tuesday said it has raised a funding of $15 Mn in a round led by Dubai's Al Futtaim Group. Existing investors Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC also participated in the round. In a statement, the Bengaluru-based startup said it will use the fresh funds to bolster its growth, priming its manufacturing and distribution networks to kick-off vehicle delivery in August this year.