River Mobility Raises $120 Million for Factory and Product Expansion

River Mobility has closed a $120 million Series C round combining equity and venture debt to support manufacturing, products and retail expansion.

Where the funding is planned

Why the expansion matters

The round links capital raising to manufacturing capacity and product development rather than only balance-sheet funding. Execution will depend on factory timing, demand and disciplined retail growth.

The store target is forward-looking and should not be treated as already achieved.

What to watch

• Greenfield-factory location, capacity and commissioning timeline.

• New-product launch schedule and positioning.

• Store growth versus service-network readiness.

• Any disclosed split between equity and venture debt.

FAQs

How much did River Mobility raise?

The reported Series C size is $120 million.

What will the money fund?

Reported uses include manufacturing expansion, a greenfield factory and new products.

Is the 350-store network already operating?

No. More than 75 stores are reported, while over 350 by March 2028 is a target.