UAE’s Al-Futtaim Automotive leads $15mln funding in Indian electric scooter firm

UAE’s Al-Futtaim Automotive leads $15mln funding in Indian electric scooter firm

UAE-based Al-Futtaim Automotive has led a $15 million funding round in two-wheeled electric vehicle (EV) manufacturing start-up, River.

The funding will boost the Bengaluru-based business’s manufacturing and distribution networks ahead of delivery in August, and enable the company to scale internationally, Al-Futtaim Automotive said.