Matter Motors raises Rs 82 crore in a funding round led by Japan Airlines & TransLink Innovation Fund and Helena Special Investments Fund

Jun 26, 2024•over 1 year ago

Amount Raised

₹820 Million

AhmedabadManufacturing

Investors

Helena Special Investments FundTrans Link Innovation FundJapan Airlines

Description

Matter Motors, an electric motorcycle maker, has raised Rs 82 crore in a funding round with investments from Japan Airlines & TransLink Innovation Fund and Helena Special Investments Fund. The company issued 1.1 lakh compulsory convertible preference shares at an issue price of Rs 7,320 each for the fundraising.

Company Information

Company

Matter Motors

Location

Ahmedabad, Gujarat, India

About

Matter is an innovation-intensive start-up creating futuristic electric vehicles platforms and energy storage solutions. We are guided by our vision to be the most dynamic company driving India to a sustainable future. We take pride in leveraging our expertise to create tech-backed solutions to empower every individual with the option to choose superior alternatives. We follow a vertical integration model for all the core components in the platform, putting us in a position to be in complete control of the safety, security, performance, and reliability of the system. Delivering exceptional User Experience is at the core of all our initiatives.

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