Ahmedabad-based MATTER will use the funding to scale manufacturing, expand distribution and launch four new motorcycles as India’s electric two-wheeler market grows rapidly.

The company plans to deploy the new capital largely towards expanding its distribution network, manufacturing capacity and product portfolio, as it seeks to establish a larger…

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…