About MATTER
MATTER is a Transportation, Automotive & Logistics company based in Ahmedabad (India) founded in 2019 by Arun Pratap Singh. Electric mobility solutions are provided via motorcycles and energy systems. It operates on a Direct-to-Consumer (D2C) model. MATTER has raised $112.56 million across 11 funding rounds from investors including Japan Airlines, LetsVenture and European Union. MATTER was last valued at $302.26 million in January 2024. Its website matter.in draws about 39 thousand monthly visits. Its Indian entity Matter Motor Works Private Limited reported revenue of ₹9.88 Cr. MATTER offers products and services including Electric Motorcycle. Its focus areas include Automotive, Electric Vehicles and Electric Motorcycles. Its competitors include Ultraviolette, Oben Electric and Tork Motors; 3 of its 3 listed competitors have raised funding.
Company details
MATTER is involved in the production of electric motorcycles, focusing on sustainable transportation solutions in India. The company operates within the electric vehicle sector, offering innovative motorbikes designed for efficiency and eco-friendliness. Their products cater to the growing demand for green mobility alternatives in the automotive industry.
- Headquarters Ahmedabad, India
- Founders Arun Pratap Singh
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website category Vehicles · Motorcycles
- Email••••••••
- Phone•••• ••••
- Website matter.in
- Social LinkedIn X Facebook
- Legal Name Matter Motor Works Private Limited
- Date of Incorporation 03 Jan, 2019
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹9.88 Cr
FY 2025 · +67% YoY
- Net Loss-₹115 Cr
FY 2025 · -1213% margin
- EBITDA-₹91.24 Cr
FY 2025 · -964% margin
- Total Equity Funding$112.56M (USD)
in 11 rounds
- Latest Funding Round$25M (USD), Series C
Aug 2026
- InvestorsJapan Airlines
& 45 more
Associated legal entities of MATTER
MATTER operates through Matter Motor Works Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Matter Motor Works Private Limited CIN U34300GJ2019PTC105854 | Active | 03 Jan 2019 | Ahmedabad, Gujarat | ₹9.9 Cr | 433 | 5 | View details |
Products & Services of MATTER
MATTER offers a comprehensive portfolio of products and services, including Electric Motorcycle.
Electric motorbike designed for sustainable and efficient travel.
Funding Insights of MATTER
MATTER has successfully raised a total of $112.56M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in August 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $112.56M
- Total Rounds 11
- Last Round Series C — $25M
- First Round $50,718
(Nov 2018)
- Investors Count 46
Latest 10 of 11 funding rounds of MATTER with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2026 | $25M | Series C | – | – | |
| Jun 2025 | $7.22M | Series B | – | Pure Capital | |
| Dec 2024 | $12.51M | Series B | – | Pioneer Projects Investment | |
| May 2024 | $35M | Series B | – | Helena | |
| Jan 2024 | $6.11M | Series B | $302.26M | Pioneer Projects Investment | |
| Sep 2023 | $4.24M | Series B | $500.52M | Nawanagar Buildworth | |
| Jun 2023 | $2.89M | Series B | $••••• | Hemani Global | – |
| Dec 2022 | $6.77M | Series B | $••••• | – | |
| Feb 2022 | $10M | Series B | $••••• | Climate Angels, LetsVenture | |
| Jan 2022 | $2.82M | Series A | $••••• | Baring Private Equity Partners |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2024 | $302.26M | •••••••• |
| Sep 2023 | $500.52M | •••••••• |
| Jun 2023 | $••••• | •••••••• |
| Dec 2022 | $••••• | •••••••• |
| Feb 2022 | $••••• | •••••••• |
| Jan 2022 | $••••• | •••••••• |
Full valuation and stage history of MATTER
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $302.26M (Jan 2024). 46 investors in total: 32 institutional and 14 angel.
Investors in MATTER
MATTER has secured backing from 46 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Japan Airlines, LetsVenture and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US & Asia focused seed, early & expansion stage VC firm | translinkcapital.com | Palo Alto, United States | ||
Venture capital firm focused on technology companies | capital2b.com | |||
CannonPoint is engaged in acquiring and growing middle-market businesses. | cannonpointpartners.com | New York, United States | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Investment in early to growth-stage tech startups across various sectors. | 2016 | sucseed-indovation.com | Hyderabad, India | |
Tech & offline focused business group operating its own growth stage corporate VC arm in India | chimesgroup.in | Gurugram, India | ||
Venture capital investments are directed toward energy tech startups. | Andheri, India | |||
Early-stage investments are targeted by the venture capital firm. | Mumbai, India | |||
Climate tech companies are funded via specialized angel networks. | climateangels.in | Gurugram, India |
Investor details for MATTER
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Matter Motor Works Private Limited (MATTER)
Matter Motor Works Private Limited is the primary company behind MATTER. The board of Matter Motor Works Private Limited currently have 5 directors; the longest-serving is Mohal Rajivbhai Lalbhai, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohal Rajivbhai Lalbhai DIN 06906903 | Director | 03 Jan 2019 | 7 yrs 10 mo | Matter Motor Works Private Limited |
| Arun Pratap Singh DIN 03586207 | Director | 15 Mar 2021 | 5 yrs 8 mo | Matter Motor Works Private Limited |
| Arvind Sahay DIN 03218334 | Director | 15 Apr 2021 | 5 yrs 6 mo | Matter Motor Works Private Limited |
| Amit Dilip Shah DIN 00994870 | Director | 30 Jan 2024 | 2 yrs 9 mo | Matter Motor Works Private Limited |
| Suprotik Basu DIN 10691010 | Director | 11 Jul 2024 | 2 yrs 4 mo | Matter Motor Works Private Limited |
People of MATTER
79 people are tracked at MATTER (18 in leadership, 61 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Founder & Group CEO | Leadership | |
Saran Babu | Co-Founder & Group CDO | Leadership |
Mihir Pandya | Vice President - Strategic Sourcing & Supply Chain Management | Leadership |
Amrudesh Santhanam | Vice President | Leadership |
Tamilselvan Elumalai | Zonal Business Head - South India | Leadership |
Prasad Telikapalli | Co-Founder & Group CTO | Leadership |
Aditya Kumar | Sr VP Hr | Leadership |
Satish Thimmalapura | Senior Vice President-systems, Software & Data Sciences | Leadership |
Saurabh Aggarwal | Senior Vice President Corporate Development | Leadership |
Manoj Kandpal | Senior Vice President, Operations & Program Management | Leadership |
Sunjeev Arora | Vice President - Digital Technology | Leadership |
Ramachandran R | Chief Technology Officer (matter Mobility) | Leadership |
Abhishek Shukla | Senior Vice President Strategy & Business Planning | Leadership |
Santosh Deshmukh | Sr Vice President - Head Of Marketing | Leadership |
Rahul Khemani | General Manager - HR | Leadership |
Mukesh Kumar Singh | General Manager (r&d) | Leadership |
Nitesh Goyal | Plant Head | Leadership |
Karan Pratap Singh | Senior Manager | Team |
Naveen Fernando | Lead Designer - Visual Communication | Team |
59 more people are available in the full profile.
Complete people profiles for MATTER
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MATTER
Figures of Matter Motor Works Private Limited, the primary company behind MATTER, for FY 2025. Revenue was ₹9.88 Cr (+67% year on year). Net loss was -₹115 Cr (-1213% margin). EBITDA was -₹91.24 Cr (-964% margin). Revenue has grown at a compounded annual rate of +584% over three years and 0% over five years.
- ₹9.88 CrRevenue · FY 2025 · +67% YoY
- -₹115 CrNet loss · -1213% margin
- -₹91.24 CrEBITDA · -964% margin
- ₹2.61 CrPaid-up capital
- 433Employees (provident fund records)
- +584%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Matter Motor Works Private Limited are on its company page.
Detailed financial statements for MATTER
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of MATTER
4 dated milestones of MATTER across 8 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $51K.
- Founded MATTER is founded.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $25.0M.
Competitors of MATTER
MATTER has 3 listed competitors in our database, 3 of them funded. They include Ultraviolette, Oben Electric and Tork Motors.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ultraviolette.com | 2016 | Bengaluru, India | $103.97M | 358 | High-performance electric motorcycles for street and sports use are engineered. | |
| obenelectric.com | 2020 | Bengaluru, India | $27.36M | 198 | Electric motorcycles and components are designed and manufactured. | |
| torkmotors.com | 2010 | Pimpri Chinchwad, India | $10.2M | 209 | Electric motorcycles with GPS trackers are manufactured by Tork Motors. |
Detailed competitors of MATTER
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MATTER
The website of MATTER (matter.in) receives about 39K visits a month and ranks #919,998 among all websites worldwide, #2,087 in Motorcycles.
- Monthly visits39K
▲ 9.6% vs previous month
- Unique visitors16.4K
per month
- Global rank#919,998
among all websites
- Category rank#2,087
Vehicles · Motorcycles
- Bounce rate54%
- Pages per visit1.8
- Average visit59 sec
- DevicesDesktop 25% · Mobile 75%
Websites whose visitors overlap most with MATTER. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| joyebike.com | 100% | 26.4K | #919,057 | View details | |
shop.yamaha-motor-india.com | shop.yamaha-motor-india.com | 99% | #191,540 | – | |
| livingwithgravity.com | 99% | #2,278,479 | View details | ||
| bikewale.com | 99% | 62M | #701 | View details | |
mobilityoutlook.com | mobilityoutlook.com | 72% | #1,439,929 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for MATTER
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as MATTER (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 37.93 M | 401 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 407.47 M | 1,917 |
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Related news about Matter
Complete news archive for MATTER
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Frequently Asked Questions about MATTER
MATTER was founded in 2019.
MATTER is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
MATTER is a funded company, having raised a total of $112.56M across 11 funding rounds to date. The company's 1st funding round was a Series A of $2.82M, raised on Nov 2018.
The primary company behind MATTER, Matter Motor Works Private Limited, reported revenue of ₹9.88 Cr for FY 2025, up 67% year on year.
MATTER is involved in the production of electric motorcycles, focusing on sustainable transportation solutions in India. The company operates within the electric vehicle sector, offering innovative motorbikes designed for efficiency and eco-friendliness. Their products cater to the growing demand for green mobility alternatives in the automotive industry.
MATTER's top competitors include Ultraviolette, Oben Electric and Tork Motors.
MATTER offers Electric Motorcycle.
MATTER has 46 investors. Key investors include Japan Airlines, LetsVenture, European Union, Dholakia Ventures, and India Accelerator.
The valuation of MATTER is $302.26M as of Jan 2024.
MATTER operates through Matter Motor Works Private Limited.
The legal entities of MATTER currently have 5 directors, including Mohal Rajivbhai Lalbhai, Arvind Sahay, Suprotik Basu and others.