Matter Electric

Matter Electric is an Indian electric two-wheeler manufacturer founded in 2019 by Mohal Lalbhai and headquartered in Ahmedabad, Gujarat. The company is focused on developing electric motorcycles and the core technologies needed to support them, including electric motors, power electronics, batteries, and battery-management systems. Its stated approach includes developing important vehicle components in-house rather than relying entirely on externally sourced systems. Matter entered the electric-motorcycle market with the Matter Aera, launched in March 2023. The Aera is notable for combining an electric powertrain with a four-speed manual gearbox, a configuration intended to provide a motorcycle-like riding experience while retaining electric propulsion. It uses a liquid-cooled battery and motor system, a 5 kWh battery, and an electric motor rated at approximately 10.5–11.5 kW. Published specifications describe a claimed full-charge range of roughly 125–172 kilometres, acceleration from 0 to 60 km/h in under six seconds, and a top speed of approximately 105 km/h. The motorcycle also includes a 7-inch touchscreen TFT instrument cluster, Bluetooth connectivity, 4G LTE, and Wi-Fi support. Matter’s product strategy places emphasis on engineering differentiation in a market where many electric two-wheelers use automatic transmissions and air-cooled systems. The Aera’s liquid cooling and manual transmission are central to its identity, while in-house development of the motor, power electronics, and battery-management system is intended to give the company greater control over performance and integration. Available reference material does not establish the full extent of Matter’s production volumes, dealer network, export activity, or current product range beyond the Aera. The company raised capital in 2024. In June, it reportedly secured INR 82.6 crore from Helena Special Investments Fund, Japan Airlines & Translink Fund, Capital 2B Fund, and Abhay P. Shah of Miracle Carriers. Later in 2024, it reportedly raised a further INR 290 crore from Helena Special Investments Fund. These financings were relevant to the company’s development and manufacturing ambitions, although the available material does not provide a complete capitalization history or valuation. Matter also promoted electric mobility through a nationwide ride initiative in 2024, covering multiple Indian states and linking the activity with environmental awareness. In April 2025, Gujarat Chief Minister Bhupendra Patel inaugurated Matter’s electric-motorcycle manufacturing facility at Changodar near Ahmedabad. This event marked an important manufacturing milestone for the Gujarat-based company. Publicly available reference material remains limited regarding the facility’s capacity, employment, production ramp, and subsequent commercial performance.

Matter Electric was established in 2019 by Mohal Lalbhai in Ahmedabad, Gujarat. The company was created to develop electric two-wheelers for the Indian market, with an emphasis on engineering and integration of the major systems required for an electric motorcycle. Its reported in-house work includes the electric motor, power electronics, and battery-management system. The company’s first publicly identified motorcycle was the Matter Aera, introduced in March 2023. Rather than following the predominantly automatic format used by many electric scooters and motorcycles, the Aera paired its electric motor with a four-speed manual gearbox. It also used liquid cooling for the battery and motor system. The model’s published specifications included a 5 kWh battery, approximately 10.5–11.5 kW of motor power, a claimed range of about 125–172 kilometres depending on the version or test conditions, acceleration from 0 to 60 km/h in under six seconds, and a top speed near 105 km/h. Connected-vehicle equipment included a 7-inch touchscreen TFT display with Bluetooth, 4G LTE, and Wi-Fi support. Matter expanded its funding base during 2024. In June, the company reportedly raised INR 82.6 crore from Helena Special Investments Fund, Japan Airlines & Translink Fund, Capital 2B Fund, and Abhay P. Shah of Miracle Carriers. Later in the year, Helena Special Investments Fund reportedly participated in a further INR 290 crore financing. The available reference does not specify the precise use of proceeds, valuation, or ownership percentages, but the funding occurred as Matter developed its product and manufacturing capabilities. In 2024, Matter also organised a nationwide ride initiative that crossed several Indian states. The activity was presented as a means of promoting electric mobility and environmental awareness, extending the company’s public profile beyond the motorcycle launch itself. A further manufacturing milestone occurred in April 2025, when Gujarat Chief Minister Bhupendra Patel inaugurated Matter’s electric-motorcycle manufacturing facility in Changodar, Ahmedabad. The event connected the company’s product development work with a dedicated manufacturing base in its home state. The available material does not establish the plant’s rated capacity, production output, distribution scale, export markets, or the company’s financial performance after the inauguration. Matter is therefore best documented as an Indian electric-motorcycle manufacturer whose public identity is centred on the Aera and on proprietary integration of electric motorcycle systems.

1. 2025Changodar manufacturing facility inaugurated

   Gujarat Chief Minister Bhupendra Patel inaugurated Matter’s electric-motorcycle manufacturing facility in Changodar near Ahmedabad in April.

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2. 2024Matter completes reported 2024 fundraisings

   Matter reportedly raised INR 82.6 crore in June and a further INR 290 crore later in the year.

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3. 2024Nationwide electric-mobility ride initiative

   Matter organised a multi-state ride initiative promoting electric mobility and environmental awareness.

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4. 2023Matter Aera launches

   The company launched the Matter Aera in March as its first electric motorcycle, featuring a liquid-cooled powertrain and four-speed manual transmission.

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5. 2019Matter Electric is founded

   Mohal Lalbhai founded Matter Electric in Ahmedabad, Gujarat, to develop electric two-wheelers.

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An Indian electric-motorcycle manufacturer differentiated by liquid-cooled electric powertrain technology, a four-speed manual transmission, and in-house development of key propulsion and battery-management components.

• Matter AeraElectric motorcycle2023

  The Matter Aera is Matter Electric’s first identified electric motorcycle, launched in March 2023. It combines a liquid-cooled electric motor and battery system with a four-speed manual transmission. Reported specifications include approximately 10.5–11.5 kW of motor power, a 5 kWh battery, a claimed range of about 125–172 kilometres, acceleration from 0 to 60 km/h in under six seconds, and a top speed of approximately 105 km/h. Its equipment includes a 7-inch touchscreen TFT instrument cluster, Bluetooth, 4G LTE, and Wi-Fi connectivity.

• 2024Nationwide electric-mobility ride initiative

  India

  Matter organised a ride initiative covering multiple Indian states to promote electric mobility and environmental awareness.

  Outcome. The available reference records the initiative but does not quantify participation, media reach, or commercial impact.

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• 2025Expansion of dedicated manufacturing capabilityStrategy

  Following product development and reported 2024 fundraising, Matter required manufacturing infrastructure for its electric-motorcycle business.

  What changed. A Matter electric-motorcycle manufacturing facility in Changodar, Ahmedabad, was inaugurated by Gujarat Chief Minister Bhupendra Patel in April.

  Aftermath. The inauguration marked a manufacturing milestone, but the available reference does not disclose capacity, production volume, or commercial results.

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• 2023Launch of the Matter AeraProduct launch

  Matter needed to establish its presence in India’s electric two-wheeler market with its first identified production motorcycle.

  What changed. The company launched the Aera with a liquid-cooled electric powertrain, four-speed manual transmission, connected instrumentation, and in-house-developed core systems.

  Aftermath. The launch became the central public product milestone for Matter. The available material does not provide sales or delivery figures.

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• 2025Gujarat inaugurates Matter Electric manufacturing facility

  Gujarat Chief Minister Bhupendra Patel inaugurated Matter’s electric-motorcycle manufacturing facility at Changodar near Ahmedabad in April 2025.

  Other
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• 2024Matter Electric raises INR 82.6 crore

  In June 2024, Matter reportedly raised INR 82.6 crore from Helena Special Investments Fund, Japan Airlines & Translink Fund, Capital 2B Fund, and Abhay P. Shah of Miracle Carriers.

  Other
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• 2024Matter Electric raises a further INR 290 crore

  Matter reportedly secured an additional INR 290 crore from Helena Special Investments Fund in 2024.

  Other
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• 2024Matter promotes electric mobility through a nationwide ride initiative

  The company organised a ride initiative across multiple Indian states to promote electric mobility and environmental awareness.

  Campaign
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• 2023Matter Electric launches the Aera electric motorcycle

  Matter introduced the Aera in March 2023 as its first electric motorcycle. The model uses a liquid-cooled powertrain and a four-speed manual transmission.

  Product launch
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1. Matter Electric