Electric mobility startup Matter raised $10Mn in funds from Info Edge’s Capital 2B Fund 1 and others

Electric mobility and energy storage-focused technology startup Matter raised $10 million in funds from Info Edge’s Capital 2B Fund 1, Climate Angel Fund, and several other Indian and overseas HNI’s.

Matter claims to have spent $7.5 million on research and development of its proprietary technology stack. The additional funds will be used to launch a new line of electric mobility and energy storage products. In fact, Matter plans to release its first electric motorcycle later this year.