River's $120M Series C Led Entirely by Indian Investors

Indian EV two-wheeler startup River raised a $120 million Series C on August 5, 2026, led by Indian firms Elev8 Venture Partners and Claypond Capital. New participants included HDFC AMC and 360 ONE Asset. Returning backers Yamaha Motor, Al-Futtaim Group, and Mitsui also joined. The all-primary raise brings River's total funding to $144 million and signals domestic capital's growing share of later-stage Indian startup rounds.