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Matter Energy Reviews

Ahmedabad, Gujarat

5.0/ 5

3 reviews

Matter Energy, incorporated in December 2020 as Matter Energy Private Limited (also operating under Matter Motor Works), is an innovation-intensive electric vehicle (EV) and energy storage startup headquartered in Ahmedabad, Gujarat, India. Founded by Mohal Rajivbhai Lalbhai (CEO), Arun Pratap Singh (COO), Saran Babu (CDO), and Kumar Prasad Telikepalli (CTO), the company is guided by a vertical integration model to build futuristic electric vehicle platforms and clean energy storage solutions entirely in-house. The company's flagship product line is anchored by the Matter AERA, recognized as India's first geared electric motorcycle platform. Driven by the Aera 5000 and Aera 5000+ models, the motorbike differentiates itself from standard EVs by combining a 4-speed manual hypershift gearbox, an active liquid-cooled lithium-ion battery pack, and smart, connected features designed to provide a familiar yet high-performance electrified riding experience. To support its commercial ecosystem, the startup has also conceptualized and launched modular EV battery packs alongside an integrated battery swapping technology network tailored for two- and three-wheelers, alongside stationary energy storage systems meant to support renewable energy generators, transmission operators, and power distribution companies (discoms). Operationally, Matter Energy employs between 200 and 500 people, including an extensive R&D team consisting of over 300 engineers at its proving grounds. Production is driven by a state-of-the-art manufacturing hub located in Ahmedabad, and the brand is continuously expanding its retail presence through more than 25 "Experience Hubs" across major Indian cities. The company’s innovative architecture has earned it several industry accolades, including the Clarivate South Asia Innovation Award 2024, the IndiaEV Show's "Star Electric Bike of the Year 2024," and the National Award for Excellence for "National Electric Vehicle Designer of the Year." Financially, Matter Energy is a well-backed Series B startup, having raised a total of $82.7 million in funding across eight rounds. Its investor network includes prominent names such as Pioneer Projects Investment, LetsVenture, and Pure Capital. As of mid-2025, its annual revenue sits in the ₹0 to ₹10 crore bracket, reflecting its transition from product development to large-scale commercial deliveries. The company operates under the Corporate Identification Number (CIN) U34300GJ2019PTC105854 and maintains its registered corporate office at 301, Parishram Building, 5B Rashmi Society, near Mithakhali Six Roads, Navrangpura, Ahmedabad. Through its complete control over powertrain engineering, safety, and battery chemistry, Matter Energy aims to scale sustainable production and accelerate India's long-term transition toward energy independence.