JSA advised River Mobility, an e-scooter startup (“company”) in relation to its USD 40 million – Series B fund raise led by Yamaha Motor Co, Ltd. The round also saw participation from existing investors Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures and Maniv Mobility.
The funds will be utilised for scaling up the distribution and service network, among others. The company entered the domestic EV market with its first e-scooter, Indie, in October last year, and in January it opened its first River store in Bengaluru.
JSA’s role especially dealt with deal construct from an India exchange control regulatory angle.
Deal value: USD 40 million
Our Transaction Team Comprised Lead Partner – Varun Sriram, Associate – Nandini Menon V
Varun Sriram is a Partner with almost two decades of experience, focusing on M&A, Fund/AIF structures, and Private Client Practice. He advises prominent business houses, promoter families, and HNIs on complex transactions and estate planning, including trusts and FEMA.