Why We Invested in River Mobility

India is entering a multi-year electric two-wheeler adoption cycle, creating a large opportunity for companies that can build enduring brands and technology-led moats. River Mobility stands out with its differentiated, utility-first product, strong product-market fit, disciplined capital deployment, and rapidly expanding distribution. Its vertically integrated technology stack and in-house product development give it greater control over the customer experience, while partnerships with global players like Yamaha and Al-Futtaim provide strong validation of its engineering and product capabilities. We believe River has the potential to build a differentiated Indian EV brand and scale well beyond its current footprint as electric two-wheeler adoption accelerates. Read our thesis here.