River, a Bengaluru-based start-up, has recently raised USD 15 million in a funding round led by the Al Futtaim Group, a large conglomerate with dealerships and distribution channels for globally recognized automotive brands like Toyota, Lexus, Honda, and Jeep.
The funding round also saw participation from existing investors, including Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC.
Funding
River will utilize the secured capital from this funding round to enhance its manufacturing process and support the upcoming market launch of its product, the River Indie, scheduled for August 2023. This latest funding round marks River’s third successful round of funding, following a USD 2 million seed round in March 2021 and a USD 11 million Series A round in July 2022.
The River Indie is an impressive e-scooter that stands out for its use of 14-inch wheels at both ends, distinguishing it from other e-scooters in the Indian market. The scooter prioritizes practicality over pure sporting performance. You can click here to look at the River Indie and watch a walkaround video along with first impressions.
Electric scooter
The River Indie is an electric scooter launched in India in 2023. It is a stylish and rugged scooter designed to appeal to urban commuters. The Indie is powered by a 4 kWh electric motor that produces 6.7 kW (9 BHP) of power and 26 Nm of torque. The motor is paired with a 4 kWh lithium-ion battery that offers a claimed range of 120 km on a single charge.
The Indie features a unique design, unlike any other scooter on the market. It has a muscular stance and a large front apron that gives it an SUV-like appearance. The scooter has various features, including LED lighting, a digital instrument cluster, and a large under-seat storage compartment.
The River Indie is priced at ₹1.25 lakh (ex-showroom, Delhi). It is available in various colours, including red, blue, black, and white.
Top Specs
- Top Speed:90 km/h
- Acceleration (0–40 km/h):3.9 s
- Max. Torque:26 Nm
- Peak Power:6.7 kW (9 BHP)
- Riding Modes: Eco | Ride | Rush
- Gradeability:18 deg
Here are some of the pros and cons of the River Indie:
Pros:
- Stylish and rugged design
- Powerful electric motor
- Long range
- Large under-seat storage compartment
- array of features
Cons:
- Expensive
- Not as fast as some other electric scooters
- Range may not be enough for long-distance travel
- Not as well-known as some other brands
Conclusion
The River Indie is a stylish and capable electric scooter perfect for urban commuters. It is well-equipped and has a long-range, but it is also expensive. If you are looking for a stylish and reliable electric scooter, the River Indie is a good option. However, if you are on a budget or need a scooter with a more extended range, consider other options.
