Matter to launch four new electric motorcycles
The Ahmedabad-based electric vehicle startup Matter has raised USD 25 million (nearly Rs 240 crore) in growth capital, with existing investors participating in the latest funding round. The company says the fresh capital will be used to expand manufacturing and supply-chain capacity, increase investments in distribution and brand building, and fund its next product cycle that includes an onslaught of four motorcycles. Four new electric motorcycles planned over the next 12-24 months Latest funding takes total capital raised to around Rs 1,000 crore Matter’s planned motorcycles To expand the Aera platform into new variants and rider segments The latest funding takes Matter’s total capital raised to around Rs 1,000 crore, with over Rs 750 crore already deployed across manufacturing, research and development and market entry. The company says customer waitlists for its Aera electric motorcycle continue to grow. Matter plans to launch four new electric motorcycles over the next 12 to 24 mo...