Wind River Series C

Indian EV startup River has secured $120 million in a Series C funding round, bringing its total capital raised to $144 million. The round, led by Elev8 Venture Partners and Claypond Capital, will fund the construction of a new factory and the launch of additional electric moped models starting in 2027. River currently sells approximately 6,000 units of its Indie model monthly through over 75 stores across India, having sold more than 50,000 units to date.