Dubai Based Al Futtaim Group Invests Worth USD 15 Million EV Manufacturing Firm
The company proposes to use the newly raised funds to fortify its growth course, raise its manufacturing capabilities, and add its distribution networks in preparation for the commencement of vehicle deliveries, scheduled to commence in August 2023.
June 09, 2023. By EI News Network
The investment round also participation from River’s existing investors, comprising Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC.
The company proposes to use the newly raised funds to fortify its growth trajectory, raise its manufacturing capabilities, and add its distribution networks in preparation for the commencement of vehicle deliveries, scheduled to commence in August 2023.
River, an EV manufacturer incorporated in 2021 by Aravind Mani and Vipin George. Aravind Mani, Co-founder and CEO at River, “In just 20 months, we launched our first product, the Indie, which has by now successfully covered 100,000+ kilometers in testing”.
The company released the set-up of an electric mobility entity, associated as a major energy vehicle collaborator with BYD EV company, and supports its commitment to furthering sustainable mobility.
please contact: contact@energetica-india.net.
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