MATTER Motor Works Raises USD 25 Million to Expand Electric Motorcycle Business

On August 25, MATTER Motor Works raised USD 25 million, equivalent to INR 2.4 billion, through a funding round led by its existing investors, alongside working capital financing from Indian Bank. The funding is intended to strengthen the company’s manufacturing and supply-chain capacity, expand distribution, and support the development of four new electric motorcycles. MATTER plans to introduce the four motorcycles over the next 12–24 months, with each model based on the AERA platform. The upcoming products will be positioned across different variants and rider segments, allowing the company to broaden its electric motorcycle portfolio while building on its existing technology platform.

Funding to Support Manufacturing and Expansion

The latest financing brings MATTER Motor Works’ total capital raised to around INR 10 billion, according to the company. More than INR 7.5 billion of that capital has already been deployed across manufacturing, research and development, and market entry activities. The new funding therefore provides additional financial capacity for the company to scale operations and prepare for a broader product lineup. Manufacturing and supply-chain expansion are key parts of the plan, while increased distribution is expected to support wider market access. Working capital financing from Indian Bank also provides additional funding support as MATTER moves toward the introduction of four new electric motorcycles within the planned 12–24-month timeframe.

Four New Electric Motorcycles Planned

MATTER plans to develop four new electric motorcycles based on its AERA platform, with launches scheduled over the next 12–24 months. The company intends to use the platform across different variants and rider segments rather than limiting it to a single motorcycle configuration. This approach could allow MATTER to extend its product coverage while leveraging an existing electric motorcycle architecture. The planned expansion follows the company’s broader investment in manufacturing and research and development and is intended to support its market-entry and distribution strategy. The four motorcycles will form the next stage of MATTER’s product development as the company seeks to establish a wider presence in the electric two-wheeler segment.

AERA Platform Technology

The AERA electric motorcycle features a 4-speed manual transmission, a liquid-cooled battery and motor, and an onboard charging system that is compatible with a standard 5-amp household socket. The motorcycle has a certified range of 172 km per charge and uses a 7-inch connected touchscreen as part of its vehicle interface. These specifications provide the technical foundation for the AERA platform on which MATTER plans to base its four upcoming motorcycles. The company’s continued use of the platform indicates that its existing electric motorcycle technology will remain central to its product expansion strategy, while future variants are expected to address different requirements and rider segments within the market.

Expansion Strategy and Market Positioning

MATTER’s latest funding combines capital for operational expansion with resources for product development, creating a broader platform for its next phase of growth in India. The company is targeting manufacturing and supply-chain capacity, distribution growth, and four new electric motorcycles as interconnected parts of its expansion plan. The AERA platform provides a common technological base for these models, while the planned variation across rider segments is intended to broaden the company’s market reach. With around INR 10 billion raised in total and more than INR 7.5 billion already deployed, MATTER is continuing to invest in manufacturing, research and development, and market entry as it develops its next generation of electric motorcycles.

MATTER’s funding round also provides additional financial support for the company’s manufacturing and commercial plans. Its existing AERA motorcycle combines a manual transmission, liquid-cooled battery and motor, onboard charging through a standard household socket, a certified 172-km range, and a connected 7-inch touchscreen. The company now plans to build on that platform with four new motorcycles aimed at different rider segments. As these models move toward launch over the next 12–24 months, MATTER’s ability to expand production, strengthen its supply chain, and increase distribution will be important to executing the planned product rollout and supporting its broader electric motorcycle strategy.

Frequently Asked Questions

How much funding did MATTER Motor Works raise?
MATTER Motor Works raised USD 25 million, equivalent to INR 2.4 billion, in a round led by existing investors, along with working capital financing from Indian Bank. The company said the funding will support manufacturing and supply-chain expansion, distribution growth, and development of four new electric motorcycles. The latest round brings MATTER’s total capital raised to around INR 10 billion, while more than INR 7.5 billion has been deployed across manufacturing, research and development, and market entry. The company plans to launch its four new AERA-based motorcycles within the next 12–24 months.