Why This Matters
Founded by Mohal Lalbhai, Arun Pratap Singh, Saran Babu and Kumar Prasad Telikepalli, the fresh capital will help Matter scale production of its AERA electric motorcycle, expand its dealership network, and increase manufacturing capacity from nearly 1,000 to 5,000 vehicles per month. The company also plans to launch four new models targeting the 150cc–200cc segment.
What's the Bigger Picture?
India's premium electric two-wheeler market is becoming increasingly competitive as manufacturers expand beyond urban early adopters. Matter's investment in local manufacturing, product development, and distribution highlights the growing push among EV startups to achieve scale and compete with established electric motorcycle players.
Key Takeaways
Matter has raised $25 million, taking its total capital raised above $105 million, to scale manufacturing, expand its retail network, and develop new electric motorcycles. With plans for 5,000 monthly production capacity and 150+ additional touchpoints, Matter is positioning itself for a larger share of India's premium EV market.
