EV startup River Mobility raises $120M in Series C co-led by Elev8 Venture and Claypond Capital

River Mobility, the Bengaluru headquartered two-wheeler electric vehicle (EV) manufacturer, has raised $120 Million in a Series C round of funding consisting of equity and venture debt. This funding round was co-led by Elev8 Venture Partners and Claypond Capital with participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital and HDFC AMC. Besides, existing investors Yamaha Motor Corporation, Al Futtaim Group, Mitsui & Co., Alteria Capital, Innoven Capital and Stride Ventures