Bengaluru: River, an electric vehicle (EV) manufacturer based in Bengaluru, has achieved a significant milestone by rolling out its inaugural product, named “Indie,” from its newly established facility in Hoskote, Karnataka. The advanced manufacturing plant, sprawling over 120,000 sq ft, boasts a production capacity of 100,000 units per year. The facility incorporates automated assembly lines for both battery pack and vehicle assembly.
Striving for Progress
Aravind Mani, Co-Founder and CEO of River, expressed his delight about this achievement, highlighting the significance of the first Indie vehicle emerging from their production line. Mani reaffirmed the company’s commitment to delivering the Indie to pre-order customers in Bengaluru starting from September. Subsequently, the company aims to roll out the Indie nationally in the coming months. He extended his gratitude to the early supporters and pre-order customers, eagerly anticipating the delivery phase.
Adapting to Regulatory Changes
River responded to the revised regulations within the FAME II Subsidy framework by adjusting the price of the Indie. The updated pricing will be disclosed shortly. However, the company assured that it would honor its original commitment by maintaining the pre-announced ex-showroom price of INR 1,25,000 for pre-order customers in Bengaluru.
Enhancing the Customer Experience
In a bid to enhance the overall customer experience, River is actively working on establishing its inaugural experience center in Bengaluru. The launch of this center is scheduled for November this year. Meanwhile, customers who have placed pre-orders can schedule a test ride of the Indie by booking a slot through their River account.
A Local Force in EV Manufacturing
River holds a distinctive position as the sole Indian EV company to house both its production and headquarters in Karnataka. The company’s journey, initiated in March 2021, has been supported by significant investments totaling $28 million. Key investors include prominent entities like Dubai-based Al Futtaim group, Chris Sacca’s Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. Notably, River holds the distinction of being the exclusive Indian investment for Al Futtaim group, Toyota Ventures, Trucks VC, and Maniv Mobility.