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Ahmedabad-based tech and EV startup Matter has raised $10 million (Rs 78 crore roughly) in a round led by Info Edge-backed technology fund Capital 2B. The firm plans to use the funds for the launch of its upcoming electric two-wheeler that will feature the country's first active liquid-cooled battery.
In its first round of external fund raising, Matter expects to raise another $10 million even as it plans to deploy the capital towards continuous technological innovations, manufacturing, and marketing. While the flagship firm Matter is engaged in development of e-two-wheelers which it plans to launch later this year, the company's
