3
SUMMARY
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…
