# River Mobility electric scooter growth > Live situation record from CLSTR: https://clstr.news/situations/river-mobility-electric-scooter-growth > Updated: 2026-08-05T11:26:00.000Z. Sources: 3. Developments: 2. River Mobility, the Bengaluru‑based electric two‑wheeler maker, hit a production milestone in late July 2026 by rolling out its 50,000th Indie scooter and reporting a 264 % year‑on‑year sales jump, placing the model among India’s top five electric scooters. The company highlighted an expanding retail network of more than 75 outlets and a partnership with Yamaha Motor, which rebadges the Indie for its own market entry. A week later, River Mobility announced a $120 million Series C round led by Indian investors, with participation from existing backers including Yamaha, Toyota Ventures and others. About 40 % of the funds will support R&D, while the remainder will fund manufacturing capacity expansion, retail growth to over 350 stores and the launch of two new scooter models. The firm aims to raise monthly production to 20,000‑25,000 units by 2028‑29, cementing a roughly 3 % share of India’s electric two‑wheeler market. ## Timeline ### 2026-08-05: Indian EV startup River Mobility secures $120 million Series C to expand production River Mobility raised $120 million Series C, allocating 40 % to R&D and expanding manufacturing and retail to boost its Indian electric scooter market share. 3 sources. https://clstr.news/cluster/indian-ev-startup-river-mobility-secures-120-million-series-c-to-expand-production ### 2026-07-26: River Mobility reaches 50,000 Indie scooters, eyes new utility‑lifestyle model River Mobility rolled out its 50,000th Indie scooter, expanded to 75+ Indian stores, saw 264% YoY sales growth in June 2026, and is developing a new utility‑lifestyle vehicle while partnering with Yamaha. 2 sources. https://clstr.news/cluster/river-mobility-reaches-50000-indie-scooters-eyes-new-utilitylifestyle-model --- Cite as: River Mobility electric scooter growth. CLSTR, https://clstr.news/situations/river-mobility-electric-scooter-growth