MATTER raises $25M to expand electric motorcycle manufacturing and retail reach

Ahmedabad-based MATTER Motor Works has raised $25 million from existing investors to build manufacturing capacity, deepen its supplier base, expand distribution and brand building, and launch four new electric motorcycles within 12 to 24 months.

— Source publishedTue, 25 Aug, 2026, 12:15 IST·First seen Tue, 25 Aug, 2026, 12:27 IST·Source YourStory

What happened

Matter Motor Works · Ahmedabad-based MATTER Motor Works raised $25 million from existing investors to expand manufacturing, suppliers, distribution and brand

Key facts

  • $25 million (approximately Rs 240 crore) growth capital raised
  • Approximately Rs 1,000 crore total capital raised
  • More than Rs 750 crore invested in manufacturing, R&D and market entry
  • Four new motorcycles planned
  • 12 to 24 months product-launch horizon
  • 172 km claimed certified range
  • India electric two-wheeler retail sales: 204,266 units in July
  • First seven months sales up 56% year on year
  • PM E-DRIVE outlay: Rs 10,900 crore

Why this matters

MATTER’s scale-up plans make it a potential partner for automotive suppliers, retail networks and mobility platforms seeking exposure to India’s expanding electric two-wheeler ecosystem.

What to watch

  • Announcement of plant capacity targets, commissioning dates and monthly delivery run rates.
  • Launch timing, pricing and specifications of the four planned electric motorcycles.
  • Dealer-count growth, service-center coverage and geographic expansion milestones.
  • Battery and key-component supply agreements, localization progress and manufacturing partnerships.
  • Evidence of sustained demand through bookings, delivery backlogs, repeat dealer orders and financing approvals.
  • Competitive pricing and model launches from Ola Electric, Ather, TVS, Bajaj, Hero MotoCorp and Revolt.
  • Expand manufacturing capacity and lock in long-term contracts for batteries, power electronics and other critical components.
  • Prioritize dealer and service-network coverage in Gujarat, Maharashtra, Karnataka, Delhi NCR and other high-density electric two-wheeler markets.
  • Use the new-model pipeline to address multiple motorcycle price and performance segments rather than relying on a single flagship product.
  • Increase brand-led test-ride, financing and fleet-partnership activity to reduce consumer hesitation around a newer EV motorcycle brand.
  • Build after-sales capability, spare-parts availability and warranty data systems alongside retail expansion.

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