River Mobility plans Rs 1,000 crore investment in new EV manufacturing facility

River Mobility is planning a Rs 1,000 crore facility in Telangana to manufacture 5 lakh vehicles annually. They are discussing land options with Tamil Nadu, Karnataka, and Andhra Pradesh. The CEO announced $68 million funding from investors like Yamaha and Toyota. Rs 250 crore is invested in Bengaluru R&D. First retail outlet will open in Hyderabad.