River Mobility Private Limited has successfully secured $120 million (approximately ₹1,141 crore) through a Series C funding round. This significant investment was spearheaded by Elev8 Venture Partners and Claypond Capital. Notable participants in this funding round included Singularity AMC, Anicut Capital, 360 ONE Asset, JIIF, and HDFC Asset Management Company. The round also attracted esteemed global partners such as Yamaha Motor Co., Ltd., Mitsui & Co., Ltd., Al-Futtaim, Marubeni Ventures Inc., Lowercarbon Capital, Toyota Ventures, and Maniv Mobility.
Bharucha & Partners provided legal counsel to River Mobility during this funding round. The transaction was expertly managed by Swathi Ravi Girimaji, Partner and Practice Lead for Venture Capital and Growth Stage Investments.
Shardul Amarchand Mangaldas & Co represented Elev8 Capital, Claypond Capital, Singularity Growth Opportunities Fund, Anicut Equity Continuum Fund, and their respective co-investors in this transaction. The legal team was headed by Partners Manish Gupta and Ashish Ahluwalia, with assistance from Senior Associates Vivek Tiwari and Shivangi Kumari, as well as Associate Adarsh Mishra.
Additionally, Khaitan & Co provided legal advice to Yamaha Motor and Al-Futtaim. This transaction was led by Partners Monika Srivastava and Sanchit Agarwal.
River Mobility is rapidly emerging as a leader in India’s electric two-wheeler manufacturing sector. The newly acquired capital will be instrumental in propelling the company’s next growth phase, which includes expanding manufacturing capabilities, advancing product development, and scaling its electric mobility platform.
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