EV startup Matter unveils geared electric motorcycle


PTI, Nov 22, 2022, 12:10 PM IST

Image credit: Matter.in

New Delhi: Electric vehicle and energy storage technology startup Matter on Monday unveiled a geared electric motorcycle with plans to commence sales next year. The Ahmedabad-based company plans to commence booking for the model soon and start deliveries from April next year.

The startup aims to have 200 dealerships across major cities over the next 12 months. It is also eyeing exports to various markets including Asia, Africa, and Latin America in the next two years.

In an interaction with PTI, Matter Group Founder and CEO Mohal Lalbhai said the company plans to fill a vacant space with other players primarily focussing on producing electric scooters.

“India moves on bikes. Roughly out of around 2 crores two-wheelers sold per year in the country, bikes are in the range of 1.4-1.5 crore units. How will the change happen towards electric if we continue to focus only on the scooter segment? That is why we chose to come with this geared electric bike,” he stated.

With no other major player in the electric bike segment currently, growth potential in the vertical is immense, he added.

“Target for us internally is to scale up faster because it is a vacant segment. In this 40-odd lakh a year segment nobody is there,” Lalbhai said.

The bike, which comes with a range of 125-150 km on a single charge, can be charged by a simple 5 Amp plug.

Lalbhai said the company has already finalised 50 sales outlets with plans to have 200 dealerships in the next one year.

When asked about export plans, he said: “In two years time we are planning to take this product international. There are a lot of opportunities in Asia, Latin America and Africa.”

Matter has set up a manufacturing facility in Ahmedabad with an installed production capacity of 60,000 units per annum which could be scaled up to 1.5 -1.7 lakh units.

The bike, which the company claims as the country’s first geared electric bike, comes with 5 kWh of power, liquid cooled technology and various connected features.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

No link between elections in one state with another: Siddaramaiah on Guj exit polls

Eros Media World, Arabia Pictures announce collaboration to produce three films

CM Bommai announces Group A jobs to Olympic, Paralympic athletes

YouTuber arrested for threatening to implicate bizman in rape case, extorting over Rs 80 lakh

Mangaluru: Child thwarts brazen kidnapping attempt; Caught on CCTV

Independents get feelers from parties as exit polls indicate close race in Himachal

Maha: Nagpur Metro creates record for world’s longest double-decker viaduct


Related Articles More

Maruti recalls 9,125 vehicles to fix possible defects in seat belts

Maruti Suzuki may fall short of 20-lakh-units production target this fiscal: Shashank Srivastava

Maruti Suzuki to hike prices from January

Mercedes-Benz drives in GLB, EQB models in India

Phase out diesel autos in NCR by 2026: air quality panel

MUST WATCH

Belagavi: Outrage outpours as stone pelted, black ink thrown at Maha registered vehicles

Rishab shetty family visit Anegudde temple

Do you know what makes a beagle dog special?

How to become flipper

Bannur Sheep Breed Information | Uv


Latest Additions

Markets settle lower; Sensex falls for third day

No link between elections in one state with another: Siddaramaiah on Guj exit polls

Completely unconstitutional government run in Maharashtra: Uddhav faction; SC to hear pleas on Jan 13

Yogi Adityanath announces cultural centre, memorial dedicated to Ambedkar

Eros Media World, Arabia Pictures announce collaboration to produce three films

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.