Matter Group has secured $35 million in its Series B funding, led by Helena, with participation from Capital 2B, Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), other Institutional investors and Family Offices.
The company will use the funds to scale manufacturing, supply chain, marketing and retail to meet the growing demand for sustainable, high-performance mobility solutions.
Mohal Lalbhai, Founder and CEO of Matter Group, said, "We are dedicated to creating accessible, reliable, and high-performance products driven by our innovative technology. Leading this complex mobility transformation are over 600+ MATTER innovators, who keep riders at the forefront of our efforts. With MATTER electric motorbikes, we are ready to embrace a new reality and rewrite the rules of mobility by transforming the world’s largest two-wheeler market."
Suprotik Basu, Managing Partner of Helena said, "The Matter team has impressed us immensely with their approach towards value driven, high performance technology products. It has been wonderful to see the initial positive consumer traction, and strong progress from the company thus far. We are excited to deeply partner with MATTER to reshape the electric vehicle landscape for India and for other emerging markets to address our shared global climate challenges."
Matter launched its first geared electric motorbike AERA for the Indian market which will soon hit the road, the press release noted.