Bengaluru-based electric vehicle (EV) manufacturing startup, River, has successfully initiated deliveries of its debut product, Indie, in Bengaluru.
Indie was launched earlier this year in February, followed by the rollout of the first Indie at River's state-of-the-art manufacturing facility in Hoskote in August.
Following the latest modifications in the FAME II Subsidy, the company has revised the prices of Indie, which will be announced later. The customers who have pre-booked the scooter, will get the River Indie at the initially promised ex-showroom price of Rs. 1,25,000 in Bengaluru.
Aravind Mani, the CEO and Co-Founder, along with Vipin George, the Chief Product Officer and Co-Founder, were present at River Headquarters to officially hand over the keys to the first group of pre-order customers.
Furthermore, River is also planning to open a experience center in Bengaluru, slated for a November 2023 launch.
Since its inception in March 2021, River has raised a total of $28 million in funds from investors including Dubai-based Al Futtaim group, Chris Sacca's Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC.