Firm Matters
BackKhaitan & Co advised Yamaha Motor Co., Ltd. and Al-Futtaim Auto International LLC, existing investors in World of River Limited, Inc., the Delaware parent of River Mobility Private Limited (India), on River Mobility's USD 120 million Series C fundraise, one of the largest funding rounds in India's two-wheeler electric vehicle sector. The transaction involved advising on: (a) an equity investment led by Elev8 Capital and Claypond Capital, with participation from Vintage Classic, Surge Capital Ventures, Singularity, Ohmic Ventures, Anicut, and others; (b) venture debt investment from Alteria Capital, Innoven Capital, Stride Ventures and HDFC Bank; and (c) the cross-border flip of World of River Limited, Inc. into River Mobility Private Limited (India) by way of an inbound merger.
Deal Team
The core team comprised Monika Srivastava (Partner), Sanchit Agarwal (Partner), Shubham Tejaswi Shahi (Principal Associate) and Prerna Kapur (Principal Associate).
The deal was assisted by:
Direct Tax: Sneh Shah (Partner) and Jinisha Jain (Senior Associate)
Corporate & Commercial: Aman Yagnik (Partner), Gautam Mudgal (Counsel), Jamsheed Dadachanji (Principal Associate) and Sonalika Ahuja (Principal Associate)
