River, an Indian EV startup that introduced its first two-wheeler in February, has raised $15 million in a funding round led by Dubai’s Al Futtaim Group. With today’s funding round, the startup looks to take on the likes of SoftBank- and Edelweiss-backed Ola Electric, and Ather Energy, which counts Tiger Global, Caladium Investment and Hero MotoCorp among its key investors.

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