Bharucha, Shardul Amarchand Mangaldas, Khaitan & Co act on River Mobility $120 million Series C fundraise

River Mobility Private Limited has raised $120 million (approx ₹1,141 crore) from a Series C fundraise led by Elev8 Venture Partners and Claypond Capital.

The round also saw participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIIF, and HDFC Asset Management Company, alongside marquee global partners, including Yamaha Motor Co., Ltd., Mitsui & Co., Ltd., Al-Futtaim, Marubeni Ventures Inc., Lowercarbon Capital, Toyota Ventures, and Maniv Mobility.

Bharucha & Partners advised River Mobility on this fundraise.

The transaction was led by Swathi Ravi Girimaji (Partner, Practice Lead – VC and Growth Stage Investments).

Shardul Amarchand Mangaldas & Co advised Elev8 Capital, Claypond Capital, Singularity Growth Opportunities Fund, Anicut Equity Continuum Fund and their respective co-investors on this fundraise.

The transaction was led by Manish Gupta (Partner) and Ashish Ahluwalia (Partner), with support from Vivek Tiwari (Senior Associate), Shivangi Kumari (Senior Associate) and Adarsh Mishra (Associate).

Khaitan & Co advised Yamaha Motor and Al-Futtaim on this fundraise.

The transaction team consisted of Monika Srivastava (Partner), Sanchit Agarwal (Partner), Shubham Tejaswi Shahi (Principal Associate) and Prerna Kapur (Principal Associate).

Sneh Shah (Partner) and Jinisha Jain (Senior Associate) advised on the tax aspects.

Aman Yagnik (Partner) and Jamsheed Dadachanji (Principal Associate) advised on the merger.

Gautam Mudgal (Counsel) and Sonalika Ahuja (Principal Associate) assisted on the venture debt funding.

River Mobility is one of India's emerging electric two-wheeler manufacturers.

The capital will support River Mobility's next phase of growth, including manufacturing expansion, product development and scaling of its electric mobility platform.

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