MATTER Motor Works raises $25 million as electric motorcycle maker shifts to scale-up

MATTER Motor Works raises $25 million as electric motorcycle maker shifts to scale-up

The company plans to deploy the new capital largely towards expanding its distribution network, manufacturing capacity and product portfolio, as it seeks to establish a larger presence in India’s electric motorcycle market

MATTER Nets $25 Mn To Scale Manufacturing, Launch Four New Electric Motorcycles

Ahmedabad-based electric motorcycle startup MATTER Motor Works has raised $25 Mn (₹240 Cr) in growth capital, anchored by its existing investors, including  Helena, Capital 2B, Japan Airlines & Translink Innovation Fund, and Shakopee Mdewakanton Sioux Community (SMSC). The startup plans to deploy the capital over the next 12 months to expand its manufacturing and supply chain capacity, increase investments in brand building and distribution, and…

E-bike maker Matter raises $25 million from existing investors, plans four new models

Electric motorcycle maker Matter Motor Works has raised $25 million (about Rs 240 crore) from existing investors Helena, Capital 2B, Japan Airlines, Translink Innovation Fund, and the Shakopee Mdewakanton Sioux Community (SMSC). The round takes the Ahmedabad-based company’s total funding thus far to about Rs 1,000 crore.“We are now in capacity expansion mode. The company [...]