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While the startup’s operating revenue zoomed 21X to INR 104 Cr in FY25, its loss more than doubled year-on-year to INR 176 Cr
River CEO Aravind Mani attributed the growth in the top line to a rise in its escooter sales, which jumped to 6,157 units in FY25 from 386 units in FY24
The startup aims to sell 3,000 to 4,000 units per month by October this year as against around 1,000 units currently on the back of its store network expansion
Bengaluru-based EV startup…
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While the startup’s operating revenue zoomed 21X to INR 104 Cr in FY25, its loss more than doubled year-on-year to INR 176 Cr
River CEO Aravind Mani attributed the growth in the top line to a rise in its escooter sales, which jumped to 6,157 units in FY25 from 386 units in FY24
The startup aims to sell 3,000 to 4,000 units per month by October this year as against around 1,000 units currently on the back of its store network expansion
Bengaluru-based EV startup…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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