Business Standard

Tech startup Matter raises $10 mn to scale up e-mobility, energy storage

Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding

money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding
Premium

Vinay Umarji Ahmedabad
Ahmedabad-based tech and EV startup Matter has raised $10 million (Rs 78 crore roughly) in a round led by Info Edge-backed technology fund Capital 2B. The firm plans to use the funds for the launch of its upcoming electric two-wheeler that will feature the country's first active liquid-cooled battery.

In its first round of external fund raising, Matter expects to raise another $10 million even as it plans to deploy the capital towards continuous technological innovations, manufacturing, and marketing. While the flagship firm Matter is engaged in development of e-two-wheelers which it plans to launch later this year, the company's

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 24 2022 | 3:33 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com