Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Electric bike maker Matter attracts $25-M more
Ahmedabad-based electric motorcycle manufacturer Matter has raised USD 25 million more in its ongoing Series B round led by US-based non-profit organisation Helena with participation from Saad Bahwan Investment Management Company (SB Invest).Earlier in June, the startup was reported to have raised USD 10 million from Helena Special Investments Fund I, Capital 2B, Japan Airlines Innovation Fund and Abhay P Shah (via Miracle Carriers & Trading co).The latest tranche takes the total funding round size to USD 35 million.Founded in 2019 by Mohal Lalbhai, Arun Pratap Singh, Kumar Prasad Telikepalli and Saran Babu, Matter manufactures premium electric motorcycles.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.