Electric Motorcycle Maker Matter Raises $25 Million in Growth Equity Round

25 Aug 2026, 9:43 am · 18d ago · 1 min read · Entrackr

Amount

$25M

Stage

Growth Round

Lead

Helena

Ahmedabad-based electric motorcycle manufacturer Matter has raised $25 million in a growth round from existing backers including Helena, Capital 2B, Japan Airlines, TransLink Innovation Fund, and SMSC. The round brings Matter’s total raised capital to over Rs 1,000 crore ($105 million). Matter, which produces the AERA electric motorcycle, plans to use the funds to expand manufacturing capacity from 1,000 to 5,000 units monthly by year-end and scale its dealership network to 50 locations. The startup is also developing four new platform-based electric motorcycles priced between Rs 1.6 lakh and Rs 2.2 lakh.