EV Startup MATTER Secures $25M Growth Capital from Existing Investors

25 Aug 2026, 12:15 pm · 18d ago · 1 min read · YourStory

Amount

$25M

Stage

Growth Round

Ahmedabad-based electric motorcycle startup MATTER Motor Works has raised $25 million in growth capital from existing investors, bringing its total capital raised to approximately ₹1,000 crore. Investors in the round include Helena, Capital 2B, Japan Airlines and TransLink’s corporate venture fund, and the Shakopee Mdewakanton Sioux Community. Founded in 2019 by Mohal Lalbhai, the company manufactures the AERA geared electric motorcycle featuring proprietary liquid-cooled powertrains. MATTER will utilize the capital to expand manufacturing facilities, strengthen supplier networks, ramp up distribution, and introduce four new electric motorcycles over the next 12 to 24 months.