EV Startup Matter Unveils Geared Electric Motorcycle
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.