Thursday | May 08 2025 | 10:01:16 AM
River, a Bengaluru-based EV startup, has surpassed Rs 100 crore in revenue within 4 years of its inception. The company’s maiden electric two-wheeler, Indie, was launched two years ago. Also known as the SUV of Scooters, the Indie has quickly gained market traction. As of March 2025, River has achieved 1,000-unit sales in a single month.
Commenting on this achievement, Aravind Mani, Chief Executive Officer and Co-founder of River, said, “We are proud of the strong base that we have built across R&D capability, manufacturing and distribution. It gives us great confidence as we scale our distribution and plan our next products.”
River currently operates 20 outlets across Bengaluru, Hyderabad, Chennai, Hubli, Visakhapatnam, Kochi, Coimbatore, Vellore, Tirupati, Mysore, and many others. The company is set to expand into Trivandrum, Vijayawada, and Pune in the coming weeks. As demand surges, River is accelerating its national expansion across India to be present in over 100 cities by 2026 through company-owned stores and dealerships.
