Latest news with #VipinGeorge
Business Standard
25-04-2025
- Automotive
- Business Standard
River EV Hits Two Major Milestones: INR 100 Cr Revenue & 1,000 Sales/Month
PRNewswire Bengaluru (Karnataka) [India], April 25: River, a Bengaluru-based EV manufacturer, has surpassed INR 100 crore in revenue within 4 years of its inception. The company's maiden electric two-wheeler, Indie, was launched two years ago. Also known as the SUV of Scooters, the Indie has quickly gained market traction. As of March 2025, River has achieved 1,000-unit sales in a single month. Commenting on this achievement, Aravind Mani, Chief Executive Officer and Co-founder of River, said, "In just 4 years since inception, we've crossed INR 100 Crores in revenue and 1,000 scooters in monthly sales. We are proud of the strong base that we have built across R & D capability, manufacturing and distribution. It gives us great confidence as we scale our distribution and plan our next products." River currently operates 20 outlets across Bengaluru, Hyderabad, Chennai, Hubli, Visakhapatnam, Kochi, Coimbatore, Vellore, Tirupati, Mysore, and many others. The company is set to expand into Trivandrum, Vijayawada, and Pune in the coming weeks. As demand surges, River is accelerating its national expansion across India to be present in over 100 cities by 2026 through company-owned stores and dealerships. About River: River is an electric scooter company based in Bengaluru. With an emphasis on design and technology, River builds products that make a positive impact on the everyday lives of people. Founded in March 2021 by Aravind Mani and Vipin George, River is backed by marquee investors such as Japan-based Yamaha Motor Corporation, Mitsui & Co. Ltd, Marubeni Corporation, Dubai based Al Futtaim group, Chris Sacca's Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. Website: LinkedIn: @rideriver Instagram: @ YouTube: @rideriver X: @worldofriver Photo: Logo: (ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)
Malaysian Reserve
25-04-2025
- Automotive
- Malaysian Reserve
River EV Hits Two Major Milestones: INR 100 Cr Revenue & 1,000 Sales/Month
BENGALURU, India, April 25, 2025 /PRNewswire/ — River, a Bengaluru-based EV manufacturer, has surpassed INR 100 crore in revenue within 4 years of its inception. The company's maiden electric two-wheeler, Indie, was launched two years ago. Also known as the SUV of Scooters, the Indie has quickly gained market traction. As of March 2025, River has achieved 1,000-unit sales in a single month. Commenting on this achievement, Aravind Mani, Chief Executive Officer and Co-founder of River, said, 'In just 4 years since inception, we've crossed INR 100 Crores in revenue and 1,000 scooters in monthly sales. We are proud of the strong base that we have built across R&D capability, manufacturing and distribution. It gives us great confidence as we scale our distribution and plan our next products.' River currently operates 20 outlets across Bengaluru, Hyderabad, Chennai, Hubli, Visakhapatnam, Kochi, Coimbatore, Vellore, Tirupati, Mysore, and many others. The company is set to expand into Trivandrum, Vijayawada, and Pune in the coming weeks. As demand surges, River is accelerating its national expansion across India to be present in over 100 cities by 2026 through company-owned stores and dealerships. About River:River is an electric scooter company based in Bengaluru. With an emphasis on design and technology, River builds products that make a positive impact on the everyday lives of people. Founded in March 2021 by Aravind Mani and Vipin George, River is backed by marquee investors such as Japan-based Yamaha Motor Corporation, Mitsui & Co. Ltd, Marubeni Corporation, Dubai based Al Futtaim group, Chris Sacca's Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. Website: @rideriverInstagram: @ @rideriverX: @worldofriver Photo:
Business Upturn
25-04-2025
- Automotive
- Business Upturn
River EV Hits Two Major Milestones: INR 100 Cr Revenue & 1,000 Sales/Month
By PR Newswire Published on April 25, 2025, 16:38 IST BENGALURU, India , April 25, 2025 /PRNewswire/ — River, a Bengaluru-based EV manufacturer, has surpassed INR 100 crore in revenue within 4 years of its inception. The company's maiden electric two-wheeler, Indie, was launched two years ago. Also known as the SUV of Scooters, the Indie has quickly gained market traction. As of March 2025 , River has achieved 1,000-unit sales in a single month. Commenting on this achievement, Aravind Mani , Chief Executive Officer and Co-founder of River, said, 'In just 4 years since inception, we've crossed INR 100 Crores in revenue and 1,000 scooters in monthly sales. We are proud of the strong base that we have built across R&D capability, manufacturing and distribution. It gives us great confidence as we scale our distribution and plan our next products.' River currently operates 20 outlets across Bengaluru, Hyderabad , Chennai , Hubli, Visakhapatnam, Kochi, Coimbatore, Vellore, Tirupati, Mysore, and many others. The company is set to expand into Trivandrum, Vijayawada, and Pune in the coming weeks. As demand surges, River is accelerating its national expansion across India to be present in over 100 cities by 2026 through company-owned stores and dealerships. About River: River is an electric scooter company based in Bengaluru. With an emphasis on design and technology, River builds products that make a positive impact on the everyday lives of people. Founded in March 2021 by Aravind Mani and Vipin George , River is backed by marquee investors such as Japan -based Yamaha Motor Corporation, Mitsui & Co. Ltd, Marubeni Corporation, Dubai based Al Futtaim group, Chris Sacca's Lowercarbon Capital, Toyota Ventures, Maniv Mobility , and Trucks VC. Website: @rideriver Instagram: @ YouTube: @rideriver X: @worldofriver Photo: Logo: View original content to download multimedia: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same. PR Newswire is a distributor of press releases headquartered in New York City.
NDTV
25-04-2025
- Automotive
- NDTV
River EV Achieves Rs 100 Crore Revenue, 1000 Monthly Unit Sales Milestone
River, an electric vehicle manufacturer in India, has achieved a significant milestone with over Rs 100 crore in revenue within four years of establishment. The electric scooter manufactured by the brand, Indie has crossed sales of 1,000 units as of March 2025. The electric two-wheeler was launched two years ago and is sold at a starting price of Rs 1.44 lakh (ex-showroom, Bengaluru). Commenting on this achievement, Aravind Mani, Chief Executive Officer and Co-founder of River said, "In just 4 years since inception, we've crossed INR 100 Crores in revenue and 1,000 scooters in monthly sales. We are proud of the strong base that we have built across R&D capability, manufacturing and distribution. It gives us great confidence as we scale our distribution and plan our next products." Also Read: Indian Challenger And Pursuit Elite Limited Edition Motorcycles Unveiled Established in March 2021 by Aravind Mani and Vipin George, River receives backing from investors such as Yamaha Motor Corporation, Mitsui & Co. Ltd, Marubeni Corporation, Al Futtaim Group, Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. Currently, River has 20 outlets spread across cities like Bengaluru, Hyderabad, Chennai, Hubli, Visakhapatnam, Kochi, Coimbatore, Vellore, Tirupati, and Mysore. The company intends to expand into Trivandrum, Vijayawada, and Pune in the near future. River's goal is to operate in over 100 cities by 2026 through a combination of company-owned locations and dealerships. The River Indie electric scooter comes with a 4 kWh battery pack with a claimed range of 161 km. It can be charged from 0 to 80 per cent in 5 hours. The juice from the battery is transferred to a 9 hp electric motor with 26 Nm of max torque. It allows the scooter to accelerate from 0 to 40 kmph in 3.7 seconds and has a top speed of 90 kmph.
