Upbeat with an exceptional response to its first electric motorbike, Matter has chalked out an ambitious business growth plan to drive the mobility transformation. Matter Aera is now ready to roll from its Ahmedabad manufacturing facility.
Matter Aera is India’s first geared electric bike with 4 speed hyper-shift gears, delivering high performance (0 to 60 kmph under 6 seconds) and economies at the same time (25 paise per km), equipped with liquid-cooled battery and powertrain that helps in thermal management, improving performance and life of battery as well as powertrain. Other features include 125 km range on a single charge over a 5-amp onboard charging system (charge anywhere in India with any 5 – amp plug), Internet-enabled connected experiences with Navigation, music and call feature along with 7" touch screen, etc.
The Matter Group is set to commence deliveries of Aera in the forthcoming quarter. Its first state-of-the-art manufacturing facility with the annual production capacity of 60,000 is ready to roll and is further gearing up to service the burgeoning demand by doubling its capacity to 120,000 units in same year. From there Matter will continue to drive the EV market growth through technology and product disruptions. To rapidly scale up through manufacturing capacity, the company has already charted plans to build a second mega- manufacturing facility by 2025. This second state-of-the-art facility will have an impressive annual production capacity of 1,000,000 units. Matter Group’s accelerated scale up plan will be driven by the great talent from the country, the team at Matter has already grown from 200+ innovators a year ago, to 500+ innovators, aggregating over 3000 years of tech experience. Matter group further plans to grow the team size by more than double in next 12 months.
Mohal Lalbhai, Group CEO and Founder, Matter, said, “Matter is leading the charge with the motive of elevating consumer experience by bringing in the future of mobility, our vision of redefining the present and reimagining the future is truly realising with our first EV motorbike Matter Aera. The day is near when motorbiking will be synonymous with sustainability. Matter will continue to create a significant value for consumers and stakeholders, vertical integration and technology are our means for innovation and accelerated expansion is our method of serving, we are truly geared for the future in making.”
Reflecting the rapid growth opportunity Matter is planning to launch series of products fulfilling the need of different segments, following the launch of AERA 5000 and 5000+ Matter is going to launch two more variants in next 12 months. Further extending its technology into executive bikes, its M2 platform that will churn out multiple products serving many segments of wider motor bike market is in the advance stage of development.
Matter is focused on reaching the annual business goal of 1 million EV 2-wheeler clocking revenues upwards of $2 billion within next 5 years.
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