India Climate Startups Funding & Investment Updates

Startup Funding & Investment Updates

$11 million for EV scooter startup River


Investment led by US entrepreneur Chris Sacca's Lowercarbon Capital.


Notes by Narsi

So, it appears these guys are working in an interesting niche within electric scooters - targetting entrepreneurs/SMEs and folks who would like their scooters also to carry delivery loads...so basically a scooter doubling up as a delivery vehicle...

Well, this (carrying deliveries on two wheelers) is already happening in India in a big way as we all can see. These guys perhaps have an excellent product-market fit.