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Home » Mitsui & Co., Ltd. Mitsui & Co. invests in World of River, an electric motorcycle business in India

Mitsui & Co., Ltd. Mitsui & Co. invests in World of River, an electric motorcycle business in India

Mitsui & Co., Ltd.
Mitsui & Co. invests in World of River, an electric motorcycle business in India ……
Mitsui & Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President: Kenichi Hori, hereinafter referred to as “Mitsui & Co.”) is World of River, a company that manufactures and sells electric motorcycles under the River brand in India, the world’s largest motorcycle market. (World of River, Headquarters: Delaware, USA, Co-founder/CEO: Arvind Mani, hereinafter referred to as “River”). This investment is an investment in River’s Series B round of funding through third-party allotment.
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River company logo
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River EV scooter “Indie”
River established a group company, River Mobility Private Limited (located in Bengaluru, Karnataka, India), as the Indian government is actively promoting policies to popularize EVs as a countermeasure to the serious air pollution problem. We offer electric scooters of high quality and excellent design.
In India’s electric EV motorcycle market, which is expected to see new growth, we will leverage River’s electric motorcycle design and development capabilities as well as Mitsui & Co.’s network to solve social issues facing India and contribute to the “make-up” movement promoted by Prime Minister Modi.・We will also contribute to the “In India” policy*. Additionally, in 2008, Mitsui & Co. took an equity stake in India Yamaha Motor, a motorcycle manufacturing company affiliated with Yamaha Motor Co., Ltd. (Yamaha Corporation). We will also work with Yamaha, which invested in River in January 2024, to explore business cooperation.
Mitsui & Co. has set “further evolution of sustainability
management” as one of its corporate strategies in its medium-term management plan 2026, and has set net-zero emissions as its “vision” for 2050.
Through this project, we will further promote the electrification of mobility and contribute to creating a society that is in harmony with the environment.
*Policies that aim to further advance the Indian economy through the development of the manufacturing industry by attracting foreign capital
More details about this release:
https://prtimes.jp/main/html/rd/p/000000052.000088544.html