River
River Mobility is a Bengaluru-based electric two-wheeler company that designs, manufactures, and sells the Indie multi-utility electric scooter directly to Indian urban commuters through 76+ owned retail stores and a Yamaha OEM partnership, targeting the Indian mass-market EV scooter segment.
- Company typePrivate
- Founded2021
- HeadquartersBengaluru, India
- Headcount51–100
- GTM typeB2C
- OfferingHardware or Manufacturing
What River does
River Mobility Private Limited is an Indian electric two-wheeler company founded in 2021 and headquartered in Bengaluru, with operations focused on the multi-utility electric scooter segment. Its core product is the Indie — a 4 kWh, mid-drive PMSM-powered electric scooter positioned as the "SUV of scooters" and differentiated by 55 litres of lockable storage, 14-inch alloy wheels, a steel tubular chassis, front foot pegs, combined braking with adaptive regeneration, IP67 ingress protection, and connected telematics via the River App. The company also manufactures the Yamaha EC-06 at its Bengaluru facility under a strategic OEM partnership with Yamaha Motor Co.
River operates a direct-to-consumer go-to-market through 76+ company-owned River Stores and 49 service centers across 11 Indian states, supplemented by online booking and a Yamaha Blue Square distribution channel. Revenue is generated primarily from hardware sales of the Indie at ₹1,54,899 (ex-showroom Bengaluru), with ancillary streams from accessories, the Plus Two and Plus Five extended warranty subscriptions, annual RoadSide Assistance subscriptions, financing partnerships (Greaves evfin at 5.99% loans), and the EC-06 OEM program. As of mid-2026, River had 39,413+ Indie scooters on Indian roads, held the position of 7th-largest EV two-wheeler brand in India, and was targeting ~₹500 crore in FY26 revenue (approximately 5x FY25) while scaling distribution toward 350+ stores by March 2028 — backed by ~$68M of cumulative funding and an advanced ~$80M Series C raise at a ~$200M valuation.
River firmographics
Firmographics- Name
- River
- Legal name
- River Mobility Private Limited
- Website
- https://rideriver.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- River Mobility is a Bengaluru-based electric two-wheeler company that designs, manufactures, and sells the Indie multi-utility electric scooter directly to Indian urban commuters through 76+ owned retail stores and a Yamaha OEM partnership, targeting the Indian mass-market EV scooter segment.
- Ownership category
- akta.pro rank
River industry classification
Industry- Product category
- Electric Two-Wheelers
- NAICS
- Motorcycle, Bicycle, and Parts Manufacturing (336991)
- SIC
- Motorcycles, Bicycles & Parts (3751)
- akta.pro primary industry
- E-scooters & E-mopeds Manufacturing (IMACAOAB)
- akta.pro secondary industries
- E-Mopeds & Light Electric Motorbikes (Consumer) (CRACASAG), Electric Motorcycles & Electric Scooters Manufacturing (IMACAEAB)
Keywords
Where River is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
River business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Electric Two-Wheeler Sales: Revenue from direct sale of River Indie electric scooters to consumers through owned retail stores and online booking platform. Primary revenue stream.
- Accessories and Merchandise: Sale of accessories including crash guards, pannier boxes, backrests, phone mounts, floor cages, and top stays through the River Shop e-commerce platform and retail stores.
- Extended Warranty Plans: Sale of extended warranty plans: Plus Two (₹4,999+GST for 5 years/50,000km) and Plus Five (₹8,399+GST for 8 years/80,000km), covering battery, motor, VCU, telematics, DC-DC converter.
- RoadSide Assistance Subscription: Annual RoadSide Assistance package sold at ₹999+GST covering minor repairs, towing, ambulance support, accommodation, and taxi support within 50km radius.
- EV Financing Partnership Revenue Share: Revenue generated through financing partnerships with Greaves Finance (evfin) offering low-interest loans (starting at 5.99%) to customers, with potential referral or commission revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Indie Electric Scooter - Single variant priced at ₹1,54,899 (Bengaluru) |
| Subscription | Multi-year contract | Plus Two Extended Warranty - 5 Years / 50,000 km |
| Subscription | Multi-year contract | Plus Five Extended Warranty - 8 Years / 80,000 km |
| Subscription | Annual | RoadSide Assistance - 1 Year Subscription |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
River product offering
Product offeringCore offering
River designs, manufactures, and sells the Indie electric scooter—a multi-utility two-wheeler positioned as "the SUV of scooters" with 55L lockable storage, 14-inch alloy wheels, a 4 kWh battery providing up to 160 km IDC range, and a 6.7 kW PMSM motor. The company sells directly to consumers through its own retail store network and online booking, and also manufactures the Yamaha EC-06 under an OEM partnership. Supporting offerings include extended warranty subscriptions, annual RoadSide Assistance plans, and a range of Indie accessories.
Product overview
River is a design company that reshapes personal transportation, offering a portfolio of electric scooters and related services. The core product is the Indie electric scooter (available in Gen 1, Gen 2, and Gen 3 versions), positioned as a multi-utility vehicle for urban commuters. River also manufactures the Yamaha EC-06 under a strategic partnership with Yamaha Motor India. Supporting products include the River App for vehicle connectivity, extended warranty plans (Plus Two and Plus Five), RoadSide Assistance packages, and a range of accessories. The company operates a retail network of stores across India and provides service/maintenance through dedicated service locations.
Differentiator
Problem solved
Functional benefit
Brands
- Indie: Flagship electric scooter positioned as 'the SUV of scooters', featuring 55L storage, 14-inch wheels, 160km IDC range, and multi-utility design for Indian road conditions.
Products and services
- River Indie Electric Scooter River's flagship electric scooter for individual urban commuters and livelihood users in India. Features 14-inch alloy wheels, 55L lockable storage (12L glovebox + 43L underseat), 4 kWh lithium-ion battery with up to 160 km IDC range, 6.7 kW peak power PMSM motor, three riding modes (Eco/Ride/Rush), front foot pegs, crash guards, IP67 water/dust resistance, and connected telematics via the River App. Sold ex-showroom at ₹1,54,899 in Bengaluru including PM E-DRIVE subsidy and 750W charger.
- Yamaha EC-06 Electric Scooter Electric scooter manufactured by River at its Bengaluru facility for Yamaha Motor India under a strategic OEM partnership. Offers certified 169-km range, app-connected features, and is sold through Yamaha's premium Blue Square showrooms in India.
- River Extended Warranty Plans (Plus Two and Plus Five) Subscription extended warranty programs sold to Indie owners, extending coverage beyond the standard 3-year/30,000 km manufacturer warranty. Plus Two covers 5 years/50,000 km at ₹4,999+GST. Plus Five covers 8 years/80,000 km at ₹8,399+GST, covering battery, motor, motor controller, VCU, telematics, and DC-DC converter.
- RoadSide Assistance Subscription Annual roadside assistance subscription package for Indie owners at ₹999+GST, covering 50 km radius from the nearest River Service location. Includes 3 pickups, minor repairs, accidental towing, taxi support, ambulance support, and one night accommodation.
- Indie Accessories and Merchandise Range of branded accessories sold through the River Shop e-commerce platform (shop.rideriver.com) and River Stores, including crash guards, pannier boxes, backrests, top stays, phone mounts, and floor cages designed for the Indie platform.
Quantifiable outcome
- 506.8% YoY growth in CY2025, ranking as the fastest-growing smaller EV two-wheeler brand
- +4 more outcomes
Companies that use River
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
River technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
River partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Bengaluru Football ClubminorRiver Mobility entered into a partnership with Bengaluru Football Club as the club's Official EV Partner, providing visibility and brand association in the sports and lifestyle space.
- Greaves Finance (evfin)minorGreaves Finance Limited's EV lending platform evfin partnered with River Mobility to offer expanded EV financing options across India. The collaboration provides low-interest loans starting at 5.99% to make River Indie ownership more accessible.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
River competitors and assessment
Company assessmentDirect peers
- Ola Electric: India's largest electric two-wheeler manufacturer selling the S1 series of e-scooters through direct-to-consumer stores. Directly comparable product category, distribution model, and target customer base as River.
- Ather Energy: Indian premium EV two-wheeler maker (450X, Rizta) with own retail stores and strong tech positioning. Comparable product category, D2C model, and target on tech-savvy urban commuters.
- Hero Electric: Pure-play Indian electric two-wheeler manufacturer with mass-market scooters (Optima, Photon). Comparable product category and Indian market focus.
- Greaves Cotton (Ampere Electric): Indian EV two-wheeler subsidiary of Greaves Cotton (parent of evfin financing partner). Sells affordable electric scooters (Zeal, Magnus) with pan-India dealer network — directly comparable price/positioning.
- Okinawa Autotech: Indian electric two-wheeler manufacturer with low- to mid-speed e-scooters. Comparable product category and Indian market focus, with similar early-stage positioning.
Broad incumbents
- TVS Motor Company: Established Indian two-wheeler giant selling the TVS iQube electric scooter alongside its ICE portfolio. Comparable EV two-wheeler product but with vastly broader distribution and a multi-fuel lineup.
- Bajaj Auto: Major Indian two-wheeler OEM selling the Chetak Electric alongside ICE motorcycles and three-wheelers. Comparable EV scooter product but with massive legacy distribution.
Emerging players
- Simple Energy: Bengaluru-based EV two-wheeler startup (Simple One) targeting urban commuters in India with premium positioning. Comparable stage, geography, and target customer.
- Bounce Infinity: Indian EV startup with both e-scooter retail sales and battery-swapping shared mobility. Comparable product line and Bengaluru roots, with an additional mobility-as-a-service angle.
- BGauss: Indian electric two-wheeler brand focused on affordable urban commuter scooters. Comparable target segment and product positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
River social profiles
Digital presenceRiver financial estimates
Financial estimateRevenue estimate
Valuation estimate
River leadership team
Management profileNumber of profiles
Profiles2 records
River funding detail
Funding detailFunding overview
Funding rounds7 records
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
River M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about River
What does River do?
River designs, manufactures, and sells the Indie electric scooter—a multi-utility two-wheeler positioned as "the SUV of scooters" with 55L lockable storage, 14-inch alloy wheels, a 4 kWh battery providing up to 160 km IDC range, and a 6.7 kW PMSM motor. The company sells directly to consumers through its own retail store network and online booking, and also manufactures the Yamaha EC-06 under an OEM partnership. Supporting offerings include extended warranty subscriptions, annual RoadSide Assistance plans, and a range of Indie accessories.
Is River a public or private company?
River is a private company. It is classified as venture growth investor backed and is currently operating.
When was River founded?
River was founded in 2021. It employs 51 to 100 people.
Where is River based?
River is headquartered in Bengaluru, India, in the Asia region.
How does River make money?
Five revenue lines are on record. Electric Two-Wheeler Sales are the primary driver. The others are accessories and Merchandise, extended Warranty Plans, roadSide Assistance Subscription and EV Financing Partnership Revenue Share.
Who are River's main competitors?
Direct peers on record are Ola Electric, Ather Energy, Hero Electric, Greaves Cotton (Ampere Electric) and Okinawa Autotech. Broad incumbents are TVS Motor Company and Bajaj Auto. Emerging players are Simple Energy, Bounce Infinity and BGauss.
Does River have an API?
No public API is recorded for River.
What industry is River in?
River's product category is Electric Two-Wheelers. Its primary akta.pro industry code is IMACAOAB, E-scooters & E-mopeds Manufacturing, with a secondary code of CRACASAG, E-Mopeds & Light Electric Motorbikes (Consumer). Its NAICS code is 336991 and its SIC code is 3751.