River

River, legally River Mobility Private Limited, is a Bengaluru-based electric two-wheeler maker that sells a single model, the Indie. TechCrunch describes the Indie as an electric moped and Forbes India calls it a scooter. The company's website describes River as a design company reshaping personal transportation for livelihood, and its corporate address is in Whitefield, Bengaluru.^[1],[2],[3]

River positions the Indie as a utility-focused vehicle rather than competing across multiple consumer segments, CEO Aravind Mani told TechCrunch, and he described typical customers as self-employed people aged between 28 and 35. Mani told Forbes India that the target is solopreneurs such as carpenters, electricians, plumbers, shop owners and YouTubers who want to carry things for work.^[1],[2]

River plans to add models beyond the Indie. TechCrunch says River plans to introduce two more models from next year, while Forbes India reports that the company is developing two more scooters, one scheduled for launch next year and another expected in 2028 or 2029. Mani told TechCrunch the restriction is capacity: River does not have room for another model in its current factory.^[1],[2]

River's first factory, on the outskirts of Bengaluru, can produce about 10,000 vehicles a month after recent upgrades, TechCrunch reports. TechCrunch says River is nearing capacity there and expects to use the plant fully by early next year, while Forbes India quotes Mani describing the Hoskote factory as running at 65-70 percent utilisation. TechCrunch also reports that River expects to begin building a new facility within about two months once a location is finalized, with a first phase due by mid-2027 and annual capacity of about 700,000 to 800,000 vehicles.^[1],[2]

River was founded in 2021, TechCrunch reports. TechCrunch calls Aravind Mani its founder and CEO, and a photo caption in Forbes India identifies Mani and Vipin George as co-founders.^[1],[2]

River says it now sells about 6,000 vehicles a month through more than 75 stores across India and has sold more than 50,000 units in total, according to TechCrunch. Forbes India reports that River sold 6,000 scooters in July, giving it a 3 percent share of the electric two-wheeler market. Mani told TechCrunch that River once made 20 vehicles a day and now makes 300 vehicles a day.^[1],[2]

River's revenue increased by 330% in the fiscal year ended March 2026, and monthly revenue reached about ₹1 billion (around $11 million), Mani told TechCrunch. Forbes India separately reports a revenue run rate of about Rs100 crore and does not state the period, so the two figures are not directly comparable.^[1],[2]

River expects to become operationally profitable once monthly production reaches 20,000 to 25,000 vehicles, a level Mani said the startup aims to reach by 2028-29, according to TechCrunch. Forbes India reports that Mani expects EBITDA profitability at about 25,000 vehicles sold a month, a milestone he hopes to reach by FY29.^[1],[2]

River said the proceeds are to scale manufacturing, and Forbes India adds that they will go toward a new factory, more products and a larger retail network. Mani told TechCrunch that earlier financings supported product development and technology, and that the new investors are betting on the startup's ability to scale now that it has shown traction.^[1],[2]

No valuation for River has been disclosed in either article reviewed.^[1],[2]

Aravind Mani is founder and CEO of River, according to TechCrunch, and Forbes India describes him as a co-founder and the chief executive officer. Mani is the executive quoted on strategy, manufacturing and fundraising in both articles.^[1],[2]

Vipin George is identified as a co-founder of River in a Forbes India photo caption showing him with Mani at the Hoskote factory. The articles reviewed do not state George's title or background.^[2]

River sells through its own stores. Its website says the network covers fifteen states and growing, and Forbes India reports that the company expects to expand its retail network to about 200 stores by March 2027 and around 400 a year later. The sources reviewed name no individual fleet or corporate customers.^[3],[2]

River competes in India's electric two-wheeler market against newer entrants Ather Energy and Ola Electric and legacy manufacturers Bajaj Auto and TVS Motor, according to TechCrunch. Forbes India names TVS Motor, Bajaj Auto and Ather Energy as the companies that currently dominate the segment.^[1],[2]