Roundup · Mobility & Logistics

Matter raises 240 crore from existing investors

By Startup Enthusiast · 26 August 2026

What they do

Matter develops powertrains, battery systems, control electronics, and software for electric motorcycles

The company raised ₹240 Cr from existing backers to expand manufacturing and supply chain capacity

Total funding reaches ₹1,000 Cr as it plans to launch 4 electric motorcycles based on the AERA platform over 12-24 months

Matter has raised ₹240 Cr in fresh funding from its existing backers.
This investment brings the company's total capital raised to approximately ₹1,000 Cr.
The funds will support the expansion of manufacturing and supply chain capabilities.
Matter aims to build brand presence and broaden its distribution network significantly.
The startup plans to launch four electric motorcycles based on its AERA platform.
These new models are scheduled for release over the next 12 to 24 months.
The company focuses on developing advanced powertrains and control electronics for vehicles.
It also handles vehicle assembly and ensures compliance with certification standards.

The funding round highlights strong confidence from current investors in the venture.
Capital injection supports scaling operations amid growing demand for electric mobility.
Expansion into manufacturing reduces dependency on external production partners.

Matter designs and manufactures complete powertrain systems for electric motorcycles.
The company produces battery packs and control electronics for two-wheelers.
It offers a certified range of 172 km per charge for its vehicles.
Matter manages the entire assembly process for its electric motorcycle models.
The business model relies on proprietary technology and integrated software solutions.
The company targets both individual consumers and potential fleet operators.
Its product portfolio includes various components essential for electric vehicle operation.
Matter emphasizes performance metrics like range and charging efficiency for buyers.
The firm operates within the broader electric vehicle ecosystem in India.

Launch four electric motorcycles based on the AERA platform within 12-24 months.
Expand manufacturing and supply chain capacity to meet production demands.
Broaden product portfolio and strengthen brand building efforts across markets.

Product: Premium electric motorcycles based on AERA platform with custom variants
Customers: Consumers seeking premium electric motorcycle options
How it makes money: Direct sales through distribution network and brand-building
What sets it apart: In-house manufacturing with modular platform enabling rapid new model launches