River Crosses Rs 100 Crore Revenue, Hits 1,000 Monthly EV Sales Mark

River, an electric vehicle manufacturer based in Bengaluru, has reported revenue exceeding INR 100 crore within four years of its founding. The company's electric scooter, Indie, launched two years ago, has reached monthly sales of 1,000 units as of March 2025.

Aravind Mani, CEO and Co-founder of River, stated that the company has developed a foundation across research and development, manufacturing, and distribution. He added that these achievements support River’s plans to scale operations and launch additional products.

River currently operates 20 outlets in cities including Bengaluru, Hyderabad, Chennai, Hubli, Visakhapatnam, Kochi, Coimbatore, Vellore, Tirupati, and Mysore. It plans to expand into Trivandrum, Vijayawada, and Pune in the coming weeks. River aims to operate in over 100 cities by 2026 through a mix of company-owned stores and dealerships.

Founded in March 2021 by Aravind Mani and Vipin George, River is supported by investors including Yamaha Motor Corporation, Mitsui & Co. Ltd, Marubeni Corporation, Al Futtaim Group, Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC.

River’s Indie scooter, often referred to as the "SUV of scooters," features a robust design with large storage capacity and a focus on practicality for urban users. The scooter is equipped with connected features and aims to balance performance with functionality. River has strategically positioned its outlets in Tier 1 and Tier 2 cities to tap into rising demand for electric mobility.