India · Automotive startup

Matter

Matter is an Indian electric vehicle company that has launched India's first geared electric bike, the MATTER AERA 5000.

Funding reportedLast round: Series B

AutomotiveAhmedabad, India

About Matter

Matter is an Indian electric vehicle company that has launched India's first geared electric bike, the MATTER AERA 5000.

This high-performance motorbike is designed for both urban and highway use, offering an innovative geared transmission that enhances torque and efficiency compared to traditional un geared models. The AERA 5000 is marketed as an affordable option for riders seeking better performance and range. With an ex-showroom price starting at ₹1,83,308, it provides a cost-effective electric mobility solution. Customers can book the AERA 5000 directly through the company, and Matter offers dedicated customer support to address any inquiries related to bookings or product information. The company targets urban Indian riders looking for a practical and powerful alternative to petrol motorbikes, emphasizing features like longer range, higher speed, and environmentally friendly transportation.

What company datasets say Matter raised

Funding, as reported

Reported in all34.9Min the source's currency
Rounds4
Last roundSeries B
Last round size25M
Last round dateJun 2024
Investors listed11

Founders and team

From Matter's own website: 4 founders, 1 on the team.

Mohal LalbhaiCo-Founder and Group CEO
Arun Pratap SinghCo-Founder and Group COO
Prasad TelikapalliCo-Founder and Group CTO
Saran BabuCo-Founder and Group CDO
  • Effie AwardNational Electric Vehicle Designer of the Year

On 7 portfolio pages

Investors who name them

Each firm lists Matter on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

young professionalsurban electric mobility solutionselectric vehicle reliabilityclean energy & technologyrenewable energy solutionsmulti sensorscustomer engagementabs brakesenergy storage innovationscalable productiongeared electric bike indiasustainable energyelectric mobility indiamanufacturingelectric vehicle safety featuresenergy storage inverter india

Built with from their website

Google MapsAzure DevopsIoTQtAdobeGoogle Tag ManagerAmazon Elastic Container RegistryWordPress.orgAdobe ExpressGoogle Cloud

+8 more

Google AdsClarity SDMMoEngageC++Google WorkspaceViewport MetaGoogle PlayEmotion

Sector
Automotive
Industry code
NAICS 336991, 335910, SIC 3599
Region
Gujarat
Revenue
4.5M a year, as listed
Full record
Every detail in the company directory

How it ended, so far

Exit

ExitBuyerPriceWhen
AcquiredMediumundisclosedApr 2013

Automotive in India

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