River Mobility plans to scale up ops; aims to open 100 stores by March

Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said.

The company under its expansion drive inaugurated its first store in Chennai and plans to open 15 more stores by November and 50 stores by March 2025 Chief Executive Officer, Co-Founder Aravind Mani said here.

"We are very excited about the Chennai store. We have a lot of people from Tamil Nadu working in our facility (located outside Bengaluru). Chennai is a big EV market. The first store in Chennai is also the company owned operated store." Mani told PTI.

Elaborating about the expansion plans, he said the company would open more retail showrooms in Chennai over the next one year and the second store in Tamil Nadu would come up in Coimbatore.

"That is getting ready and Chennai will have at least four stores in the next one year." he said.

Briefing about the company which ...