Browsing Tag
Elev8 Venture Partners
2 posts
Yamaha-backed River Mobility secures $120m for manufacturing and retail expansion
River Mobility has secured $120 million from Elev8 Venture Partners, Claypond Capital and existing strategic investors to build new electric scooters, expand its retail network and establish a much larger factory. The capital strengthens River’s challenge to India’s established manufacturers, but profitability and demand after the expiry of national electric two-wheeler subsidies will determine whether its capacity ambitions are economically justified.
Dovetail Capital raises Rs 100cr as GIFT City fuels asset-servicing expansion
Dovetail Capital’s maiden institutional funding round gives the Mumbai-based financial infrastructure company fresh capital to scale fund administration, compliance and cross-border investment services from GIFT City into international markets.