MATTER raises $25 million to accelerate its expansion and launch four new electric bikes.
The capital infusion follows significant deployment milestones as the electric mobility firm prepares to scale its product lineup.
Electric mobility and technology startup MATTER has raised $25 million, approximately Rs 210 crore, in a fresh funding round to fuel its aggressive product expansion strategy. 1 The newly secured capital will be deployed directly toward the development and market rollout of four new electric motorcycles as the company builds out its next-generation EV portfolio.
The latest funding follows a robust growth phase for the company, which has already successfully deployed over Rs 750 crore into its operations, technology, and initial product manufacturing. 1 MATTER has focused heavily on engineering advanced electric propulsion systems and energy storage technologies designed specifically for the demanding requirements of the domestic market.
The Indian electric two-wheeler sector continues to see rapid adoption as commuters shift away from internal combustion engine vehicles due to rising fuel costs and environmental concerns. MATTER addresses this market gap by building high-performance electric motorcycles equipped with proprietary thermal management and powertrain architectures that ensure reliability and longevity across varied riding conditions.
With the fresh injection of $25 million, MATTER plans to accelerate its research and development timelines to bring all four upcoming electric motorcycle models to the market. 1 The funds will also support the expansion of manufacturing capabilities and the scaling of sales and service infrastructure to support the upcoming launches.
This strategic funding round underscores investor confidence in MATTER’s technological capabilities and its long-term vision for sustainable mobility.1 By broadening its product offerings beyond its initial releases, the company is positioning itself as a comprehensive electric motorcycle manufacturer capable of serving diverse consumer segments in India’s fast-evolving EV landscape.
