Ahmedabad startup Matter to launch EV two-wheelers

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Matter, a technology start-up based out of Ahmedabad today announced that it would be launching electric vehicles and a range of energy solutions in India starting 2021. The company will be entering key Indian cities including New Delhi, Bangalore, Mumbai, Chennai, Hyderabad, Kolkata, Pune, Lucknow and Chandigarh in stages with these differentiated offerings. Matter is led by CEO, Mohal Lalbhai of the Lalbhai family in Gujarat and COO, Arun Pratap Singh, an IIT-K and IIM-A alumnus and former head of YObykes.

nnouncing these plans, Mohal Lalbhai, Founder and CEO, Matter said, “The focus of Matter through design & engineering will be to create products and services well suited for the Indian user. We have set a target of US$ 1 billion top line by 2025. Our vehicles are well aligned with India’s strong demand for clean mobility and Matter will be manufacturing these motorcycles at its local plant in Ahmedabad prior to mass distribution across the country.”

 

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