VC Fund Investments
Electric bikes maker Matter raises $10-M
Ahmedabad-based EV manufacturer Matter has raised INR 82.6 crore from Capital 2B, Japan Airlines Innovation Fund, Helena Special Investments Fund I and Abhay P Shah (via Miracle Carriers & Trading co) .Japan Airlines Innovation Fund invested INR 25.04 crore for 34,217 Series D2 compulsorily convertible preference shares (CCPS), while Capital 2B bought 14,760 CCPS for INR 10.8 crore.Founded in 2019 by Mohal Lalbhai, Arun Pratap Singh, Kumar Prasad Telikepalli, and Saran Babu, Matter manufactures premium electric motorcycles.
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