Indian EV startup River raises $15 million investment from UAE’s Al-Futtaim Automotive

Al-Futtaim Automotive, a leading automotive business in the UAE, has committed to supporting sustainable mobility. Now, that commitment extends beyond UAE’s boundaries as the automotive business has declared an investment of $ 15 million in the Indian electric two-wheeler start-up, River. For the unaware, River launched its first product, ‘Indie’, an urban electric scooter, within two years of its inception. The company lays a strong emphasis on innovative design and technology. Al-Futtaim Automotive believes that with the Indian EV sector skyrocketing, River is all set to become the mainstream electric solution in the subcontinent. Paul Willis, President of Al-Futtaim Automotive, shared, “We evaluated over 50 electric two-wheeler start-ups, and are impressed by the team’s vision and relentless commitment to in-house product development. I am confident that their products will see great success, in India and internationally.”