Matter Group Secures $35 Million in Series B Funding to Accelerate Growth
Matter Group has successfully raised $35 million in its Series B funding round, led by Helena with significant participation from Capital 2B, Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), and several other institutional investors and family offices. This substantial investment will enable the company to scale its manufacturing, supply chain, marketing, and retail operations to meet the increasing demand for sustainable, high-performance mobility solutions.

Matter Group has successfully raised $35 million in its Series B funding round, led by Helena with significant participation from Capital 2B, Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), and several other institutional investors and family offices. This substantial investment will enable the company to scale its manufacturing, supply chain, marketing, and retail operations to meet the increasing demand for sustainable, high-performance mobility solutions.
Matter Group's Founder and CEO, Mohal Lalbhai, expressed his dedication to creating innovative and reliable products. “We are dedicated to creating accessible, reliable, and high-performance products driven by our innovative technology. Leading this complex mobility transformation are over 600+ MATTER innovators, who keep riders at the forefront of our efforts. With MATTER electric motorbikes, we are ready to embrace a new reality and rewrite mobility rules by transforming the world’s largest two-wheeler market.”
The enthusiasm for Matter Group's mission is shared by its investors. Suprotik Basu, Managing Partner of Helena, remarked on the company's impressive progress and positive consumer reception. “The Matter team has impressed us immensely with their approach towards value-driven, high-performance technology products. It has been wonderful to see the initial positive consumer traction, and strong progress from the company thus far. We are excited to deeply partner with MATTER to reshape the electric vehicle landscape for India and for other emerging markets to address our shared global climate challenges.”
The Series B funding will play a crucial role in supporting Matter Group's plans to expand its market presence, particularly in India, where the demand for sustainable transportation solutions is growing rapidly. The company recently launched its first geared electric motorbike, the AERA, designed specifically for the Indian market. This model is set to hit the roads soon, offering a high-performance and eco-friendly alternative for urban transportation.
Matter Group aims to leverage the new funds to enhance its production capabilities and strengthen its supply chain, ensuring that its products can reach a broader audience. Additionally, the investment will help the company bolster its marketing and retail strategies, increasing brand awareness and expanding its consumer base.
The investment from a diverse group of backers, including Capital 2B, Japan Airlines & Translink Innovation Fund, and Saad Bahwan Investment Management Company (SB Invest), underscores the broad confidence in Matter Group's potential to lead the electric vehicle market in emerging economies. The backing from these prominent investors will also provide the company with valuable strategic support and industry insights.
Matter Group's approach to innovation focuses on creating products that are not only environmentally friendly but also high-performing and reliable. The company's dedication to pushing the boundaries of electric vehicle technology is evident in its continuous efforts to develop new and improved solutions for the mobility sector. With the successful launch of the AERA, Matter Group is well-positioned to make significant strides in transforming the two-wheeler market.
This latest round of funding is a testament to the company's strong vision and the trust placed in it by its investors. The financial boost will allow Matter Group to accelerate its growth trajectory and achieve its long-term objectives. As the company continues to innovate and expand, it aims to play a pivotal role in addressing global climate challenges through sustainable transportation solutions.
In conclusion, Matter Group's $35 million Series B funding marks a significant milestone in its journey towards revolutionizing the electric vehicle industry. With robust support from Helena and other key investors, the company is poised to scale new heights and make a lasting impact on the mobility landscape in India and beyond. The future looks promising for Matter Group as it strives to deliver cutting-edge, high-performance electric vehicles that meet the evolving needs of consumers and contribute to a more sustainable world.