EV Startup River’s Revenue Surges 21X To Cross INR 100 Cr

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…