Founder · River Mobility

Vipin George

Co-founder of River Mobility, an electric two-wheelers company based in Bengaluru.

Co-founderBengaluruElectric Two-Wheelers
Founded
2021
Bengaluru, India
Raised to date
$188M
5 rounds on record
Latest round
Series C (equity and venture debt)
$120M · 2026-08-05

About

Vipin George is Co-founder of River Mobility, an electric two-wheelers company based in Bengaluru, founded in 2021. River Mobility's most recent disclosed round was a funding round of $40M in 2024-02.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2021
River Mobility
Electric Two-Wheelers · Bengaluru · Active

River Mobility manufactures electric two-wheelers in India, built around utility and storage rather than performance. Its single model, the Indie, launched in 2023 and is marketed as the SUV of scooters. It also manufactures the Yamaha EC-06 in Karnataka.

Funding
2026-08-05Series C (equity and venture debt)$120MElev8 Venture Partners, Claypond Capital, Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital, HDFC AMC, Yamaha Motor, Al-Futtaim Group, Mitsui & Co, Alteria Capital, InnoVen Capital, Stride Ventures
2024-02Series B$40MYamaha Motor, Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, Trucks VC, Maniv Mobility
2023-06Series A extension$15MAl-Futtaim Group, Lowercarbon Capital, Toyota Ventures, Maniv Mobility, Trucks VC
2022-07Series A$11MLowercarbon Capital, Toyota Ventures, Maniv Mobility, Trucks VC
Company profile →5 rounds on record

Journey with River Mobility

3 milestones
  1. Mar 2021Founded

    Founded in Bengaluru by Aravind Mani and Vipin George to build electric two-wheelers for Indian conditions.

  2. Feb 2023Milestone

    Launches the Indie, a utility-focused electric scooter with 14-inch wheels and cargo space for two helmets. Sales begin in October 2023.

  3. Jan 2026Milestone

    Begins manufacturing the Yamaha EC-06 electric two-wheeler at its Karnataka plant, converting its Series B investor relationship into contract manufacturing.

Also building River Mobility

AMAravind ManiCo-founder · CEO→

Coverage

1 story
Funding · 5 Aug 2026 · 6 min read
River Mobility Raises $120 Million Series C Led by Elev8 Venture Partners and Claypond Capital