SynopsisMore than Rs 750 crore of the capital raised so far has been deployed across manufacturing, research and development, and market entry, the startup said. Matter will use the latest funds to expand manufacturing and supply-chain capacity, enhance distribution, and accelerate the launch of new motorcycles.Electric motorcycle maker Matter Motor Works has raised $25 million (about Rs 240 crore) from existing investors Helena, Capital 2B, Japan Airlines, Translink Innovation Fund, and the Shakopee Mdewakanton Sioux Community (SMSC). The round takes the Ahmedabad-based company’s total funding thus far to about Rs 1,000 crore.“We are now in capacity expansion mode. The company has shipped close to 1,500 motorcycles so far and is scaling monthlyNow Playing
E-bike maker Matter raises $25 million from existing investors, plans four new models - The Economic Times
More than Rs 750 crore of the capital raised so far has been deployed across manufacturing, research and development, and market entry, the startup said. Matter will use the latest funds to expand manufacturing and supply-chain capacity, enhance distribution, and accelerate the launch of new motorcycles.
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