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E-scooter co faces losses amid expansion
Mint Chennai
|April 26, 2025
Electric scooter company River Mobility has seen its losses more than double in FY25, reaching ₹176 crore—up from ₹82 crore in FY24—even as revenue grew 20-fold.
The company's aggressive expansion into retail outlets, with 25 stores now operational, has been a key driver of this surge.
In FY24, River's revenue stood at ₹5 crore, according to regulatory filings accessed by business intelligence platform Tofler. In FY25, it jumped to ₹104 crore.
This story is from the April 26, 2025 edition of Mint Chennai.
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