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India Climate Startups Funding & Investment Updates

Startup Funding & Investment Updates

$11 million for EV scooter startup River

2022-08-03

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


Source


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.