Startup River EV Rolls Out First E-scooter From Its Hoskote Plant

Bengaluru-based electric vehicle (EV) manufacturing startup, River, has rolled out its maiden product, Indie, from its newly launched facility in Hoskote, Karnataka. The state-of-the-art manufacturing facility spans over 120,000 sq ft and has a capacity to produce 1,00,000 units annually. The facility is loaded with automated assembly lines, both for battery pack and vehicle assembly.

Speaking on this milestone, Aravind Mani, Co-Founder and CEO at River, said, “It’s a special moment for us- the very first Indie rolling out of our production line. As promised during Indie’s launch in February this year, deliveries for our pre-order customers in Bengaluru will commence in September followed by a national rollout over the next few months.”

Further to revised regulations in the FAME II Subsidy, the price of the Indie has been revised and will be announced soon. 

However, staying true to its word, River will stick to the initially promised ex-showroom price of Rs. 1,25,000 for its pre-order customers in Bengaluru.

River is also working on its first experience centre in Bengaluru which is slated to launch in November this year. Meanwhile, pre-order customers can visit their River account and book a slot to test ride the Indie. River is the only homegrown EV company to base both production and headquarters in Karnataka. 

Since inception in March 2021, River has raised a total $28 million in funds from marquee investors including Dubai-based Al Futtaim group, Chris Sacca's Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. Notably, River is the sole Indian investment for Al Futtaim group, Toyota Ventures, Trucks VC, and Maniv Mobility.