Manufacturing in India is selecting up and startups look like taking part in a crucial position.

According to these ambitions, River – an EV startup in Bengaluru – has finalised a land parcel to arrange its manufacturing plant in Whitefield in Karnataka, folks aware about updates have knowledgeable IndianStartupNews (ISN).

As per a number of media studies, River was scouting for a land parcel since July 2024 to arrange its second and largest manufacturing plant. With the brand new plant, River plans to extend manufacturing capability to five lakh items per 12 months, up from 1 lakh items at present.

He had advised ET earlier that River would want 25-50 acres of land and was actively evaluating choices in Karnataka, Telangana, Tamil Nadu and Andhra Pradesh.

River selected to not reply to ISN.

The funding is smart as River is gearing as much as increase round Rs 800 crore from Anicut Capital, Claypond Capital, Elev8 and others, as per a report on Moneycontrol.

River launched its first product, the Indie, in October 2023, described because the “SUV of scooters.” The product was totally designed and developed at River’s R&D facility in Bengaluru and is manufactured at its first manufacturing facility in Hoskote, as per an earlier firm assertion.

Worldwide buyers comparable to Yamaha Motor Co, Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility are a few of the different notable stakeholders.