About MATTER
MATTER is a company based in Ahmedabad (India) founded in 2019 by Arun Pratap Singh. It operates as a Direct-to-Consumer (D2C). MATTER has raised $87.56 million across 10 funding rounds from investors including Japan Airlines, LetsVenture and European Union. MATTER offers products and services including Electric Motorcycle. MATTER operates in a competitive market with competitors including Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies, among others.
- Headquarter Ahmedabad, India
- Founders Arun Pratap Singh
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Matter Motor Works Private Limited
- Date of Incorporation 03 Jan, 2019
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$163.17 K (USD)82.33as on Mar 31, 2024
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Net Profit
-$6.63 M (USD)-120.08as on Mar 31, 2024
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EBITDA
-$5.7 M (USD)-96.25as on Mar 31, 2024
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Total Equity Funding
$87.56 M (USD)
in 10 rounds
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Latest Funding Round
$7.22 M (USD), Series B
Jun 26, 2025
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Investors
Japan Airlines
& 44 more
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Employee Count
Not available
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Products & Services of MATTER
MATTER offers a comprehensive portfolio of products and services, including Electric Motorcycle.
Electric motorbike designed for sustainable and efficient travel.
People of MATTER
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Funding Insights of MATTER
MATTER has successfully raised a total of $87.56M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $7.22 million completed in June 2025. 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.
Investors in MATTER
MATTER has secured backing from 45 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 |
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US & Asia focused seed, early & expansion stage VC firm
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Venture capital firm focused on technology companies
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CannonPoint is engaged in acquiring and growing middle-market businesses.
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Investor details for MATTER
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Investments & Acquisitions by MATTER
Investment portfolio details for MATTER
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Financial Statements - MATTER
Detailed financials for MATTER
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Matter Comparisons
Peer comparison for MATTER
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Competitors of MATTER
MATTER operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies, among others.
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High-performance electric motorcycles for street and sports use are engineered.
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Electric motorcycles and components are designed and manufactured.
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Electric motorcycles with GPS trackers are manufactured by Tork Motors.
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Electric bicycles with advanced features are developed by Motovolt.
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Electric motorcycles with swappable batteries are manufactured by Orxa Energies.
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Manufacturer of electric two and three-wheelers for personal and commercial use
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Detailed competitors of MATTER
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Latest news on 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 $87.56M across 10 funding rounds to date.
Annual revenue of MATTER is $163.17K as on Mar 31, 2024.
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 45 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.