River Secures $40M Funding for EV Expansion

09 Feb 2024 CW Team

Electric vehicle manufacturer River has successfully raised $40 million in Series B funding, with Yamaha Motor and other investors participating in the financing round. This significant investment will fuel River's expansion efforts as it works on developing its second electric scooter.

The funding round underscores the growing interest and confidence in the electric vehicle market, particularly in the two-wheeler segment. River aims to leverage this capital infusion to accelerate the development and production of its electric scooters, catering to the increasing demand for sustainable mobility solutions. With Yamaha Motor's involvement, River gains not only financial support but also access to valuable expertise and resources in the automotive industry.

The collaboration between River and Yamaha Motor signifies a strategic partnership aimed at driving innovation and growth in the electric vehicle sector. River's commitment to developing eco-friendly transportation options aligns with the global shift towards reducing carbon emissions and mitigating climate change. The success of this funding round positions River as a key player in the burgeoning electric vehicle market, poised to make significant strides in advancing sustainable mobility solutions. As the world transitions towards cleaner energy sources, investments in electric vehicle technology are crucial for achieving a more sustainable future.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..