Bangalore-Based EV Start-Up River Mobility Plans ₹1,000 Crore Investment for New Manufacturing Facility
River Mobility, an emerging electric vehicle (EV) start-up headquartered in Bangalore, is making headlines with its ambitious plans to establish a new manufacturing facility. The company is set to invest ₹1,000 crore in this venture, signaling a significant boost to its production capabilities and its commitment to advancing the EV industry in India. Currently, River Mobility is engaged in discussions with four Indian states — Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana — to identify the ideal location for its new facility. This strategic expansion aims to enhance the company’s manufacturing capacity, support the growing demand for electric vehicles, and contribute to the development of the EV ecosystem in India. The choice of these states reflects their robust industrial infrastructure, favorable policies for EV manufacturing, and potential incentives for green investments. Each state is vying to attract River Mobility with its unique advantages, including skilled workf...