{
  "id": 3221614,
  "title": "EV startup MATTER raises $25M to scale electric motorcycle business",
  "url": "https://urgent.news/2026/08/25/ev-startup-matter-raises-25m-to-scale-electric-motorcycle-business",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T06:45:34.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/08/ev-startup-matter-raises-25-million-scale-electric-motorcycle-business"
  },
  "original_language": "en",
  "account": "MATTER Motor Works, an electric motorcycle startup, has secured $25 million in growth capital from existing investors for scaling its business. The investment round includes Helena, Capital 2B, Japan Airlines, TransLink’s corporate venture fund, and the Shakopee Mdewakanton Sioux Community. This brings MATTER's total capital raised to approximately Rs 1,000 crore. Over Rs 750 crore of the investment has already been allocated to manufacturing, research and development, and market entry.\n\nBased in Ahmedabad, the company plans to use the funds to expand manufacturing and supplier networks, increase distribution and brand spending, and introduce four new motorcycles in the next 12-24 months. Founded in 2019, MATTER has developed its electric vehicle technology in-house, including the battery, powertrain, electronics, and software. Its AERA motorcycle features a four-speed manual transmission, liquid-cooled battery pack, onboard charging system, and a claimed range of 172 km.\n\nThe investment reflects support from investors who backed MATTER before its motorcycle hit the market, according to founder and CEO Mohal Lalbhai. He added that the capital will accelerate growth and the product roadmap. India's electric two-wheeler market has seen rapid expansion this year, with retail sales reaching a record 204,266 units in July, up 56% year-on-year. Major players like TVS, Ather, River, and Yulu have also been scaling aggressively, raising funds to expand manufacturing and add models.",
  "summary": "Ahmedabad-based MATTER will use the funding to scale manufacturing, expand distribution and launch four new motorcycles as India’s electric two-wheeler market grows rapidly.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "MATTER raises $25 million to expand manufacturing, launch four motorcycles",
        "url": "https://urgent.news/2026/08/25/matter-raises-25-million-to-expand-manufacturing-launch-four",
        "published": "2026-08-25T06:35:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}