MATTER Raises $25M as Nexedge Capital Secures $20M

25 Aug 2026, 3:14 pm · 18d ago · 1 min read · YourStory

Ahmedabad-based EV startup MATTER Motor Works has raised $25 million from existing investors to scale manufacturing, expand distribution, and launch four electric motorcycles over the next 12 to 24 months. Meanwhile, New Delhi wealth management firm Nexedge Capital secured $20 million in its maiden funding round led by Mirae Asset Venture Investment and Elev8 Venture Partners. Founded in February 2025 by Anirudha Taparia, Nexedge manages $3 billion in assets across 1,300 clients and plans to expand tech, launch an NBFC, and target tier-II and tier-III cities across India.