River raises US$120M from Yamaha Motor and Mitsui
The EV maker's Series C is a textbook example of industrial corporates using venture investment to secure a seat in an emerging value chain.
EV maker River raised US$120 million in a Series C with participation from Yamaha Motor and Mitsui. It is a classic corporate venture play: the corporate invests for financial return while also buying access to new technology and markets.
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