What is Matter?
Matter is a technology start-up based in India that is focused on the mass adoption of sustainable solutions, with a core electric technology platform that meets the needs of India, across both consumer and enterprise segments. It is at the forefront of harnessing the power of intelligent technology to create transformative products and solutions, that are designed and Made-in-India for India and the world. The company operates at the intersection of hardware innovation and software-defined mobility, aiming to bridge the gap between traditional transportation and modern, eco-friendly alternatives. By integrating advanced battery management systems and intelligent connectivity, Matter is building a robust ecosystem that supports the transition toward a greener economy.
How much funding has Matter raised?
Matter has raised a total of $45M across 2 funding rounds:
Other Financing Round
$10M
Series B
$35M
Other Financing Round (2022): $10M with participation from Climate Angels Fund and Capital 2B
Series B (2024): $35M led by Capital 2B, Helena, and SB Invest
Key Investors in Matter
Capital 2B
Capital 2B is a venture fund that invests in early-stage and growing startups focused on science and technology, particularly in deep tech and IP-led sectors.
Helena
Helena is a merit-based organization that supports innovative leaders and projects, focusing on scientific and technological advancements that challenge existing orthodoxies.
SB Invest
SB Invest is engaged in investing creativity, time, knowledge, and money into exciting projects where they actively participate, primarily in innovation sectors.
What's next for Matter?
With the successful closure of this major strategic investment, Matter is well-positioned to transition into a phase of aggressive market penetration and operational scaling. The company is expected to leverage these funds to enhance its R&D capabilities, refine its manufacturing processes, and broaden its distribution network across India. As the demand for sustainable mobility solutions continues to rise, Matter's focus on localized, high-performance technology will likely serve as a key differentiator. Future strategic initiatives will likely involve deepening its enterprise partnerships and optimizing its supply chain to ensure long-term viability in a capital-intensive industry. The firm's ability to maintain its technological edge while scaling production will be critical to its continued success in the global market.
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