https://techcrunch.com/2024/02/05/river-funding-yamaha-motor-investment/

River, an Indian startup manufacturing electric two-wheelers, has raised $40 million in a funding round led by Japan’s Yamaha Motor as the nearly three-year-old startup looks to increase R&D spending and expand the market presence of its first electric ‘SUV’ two-wheeler in India.

The all-equity Series B round also saw participation from startup’s existing investors, including Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, Trucks VC and Maniv Mobility. With the latest funding, the startup has cumulatively raised $68 million in four rounds, including the last round of $15 million announced in June.