TL;DR
EV startup Matter Energy secured significant funding to expand production of its unique geared electric motorcycles and boost R&D for advanced battery tech, highlighting investor confidence in India's EV sector.
Indian electric vehicle (EV) startup Matter Energy has successfully raised a substantial funding round, injecting fresh capital into its ambitious plans for accelerating EV motorcycle production and advanced battery technology research and development. Known for its innovative approach to electric mobility, Matter aims to disrupt the market with its high-performance electric motorcycles, such as the Matter Aera, which features a geared transmission – a unique proposition in the Indian EV two-wheeler space. The newly acquired funds will be strategically utilized to expand manufacturing capabilities, enhance its supply chain, and invest further in R&D to develop next-generation battery solutions and vehicle platforms. This investment underscores growing investor confidence in India's EV sector and Matter's potential to carve out a significant niche. The company's focus on building a robust ecosystem, including MatterCharge and MatterDrive technologies, positions it as a key player in shaping the future of electric two-wheelers in the country, offering consumers advanced, reliable, and performance-oriented alternatives to traditional gasoline bikes.