Bengaluru-Based EV Startup River Mobility to Invest ₹1,000 Crore in New South India Facility
River Mobility Ltd, a Bengaluru-based electric vehicle (EV) startup, is set to invest ₹1,000 crore in a new manufacturing facility spanning 25 to 50 acres in South India. The facility, which will have the capacity to produce 500,000 vehicles annually, is currently under discussion with the governments of Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana.
Aravind Mani, CEO of River Mobility, stated, “We are in active discussions with the governments of Telangana, Tamil Nadu, Karnataka, and Andhra Pradesh to secure land for our new factory. We need 25 to 50 acres to achieve our goal of producing half a million units per year.”
River Mobility has previously invested around ₹250 crore in its R&D facility and leased factory in Bengaluru. The new investment of ₹1,000 crore will be used for constructing a larger, owned facility. This funding comes from a $68 million (approximately ₹575 crore) investment raised over the past three years from notable investors, including Yamaha, Toyota, Mitsui, and Marubeni.
Mani also announced the opening of the company’s first retail outlet in Hyderabad.
Social Media Reaction:
Online discussions are heating up about which state would be the best choice for the new facility.
One user commented, “AP seems like the best option. Given recent political events, TN and Karnataka might not be the most favorable. AP’s leadership is likely to offer strong support.”
Another user suggested, “TN might be the ideal choice due to its developed EV ecosystem and suppliers. Cities like Hosur and Thoothukudi have attracted significant EV investments.”
A third user added, “Andhra Pradesh, particularly the Rayalaseema region, offers strategic proximity to major markets like Chennai and Bangalore, along with lower land rates and labor costs.”