River Raises $120M Series C from Indian Investors

Indian EV two-wheeler startup River closed a $120 million Series C on August 5, 2026, led by domestic firms Elev8 Venture Partners and Claypond Capital. New backers HDFC AMC and 360 ONE Asset joined, alongside returning investors Yamaha Motor, Al-Futtaim Group, and Mitsui. The all-primary round brings total funding to $144 million and signals Indian capital taking a larger share of later-stage startup deals.