Startup Matter bets on EV market, eyes $1 bn turnover by 2025


Matter will be launching its lithium ion batteries for solar and renewable management by April, which will be followed by its first electric motorcycle closer to Diwali this year

Bullish on the growth of electric vehicles (EV) market in India, EV and energy storage technology startup, Matter expects to clock a turnover of $1 billion (over ₹7,250 crore) by 2025, according to a top company official.

The Ahmedabad-based company, which has so far invested $3 million (over ₹20 crore), will be launching its lithium ion batteries for solar and renewable management by April, which will be followed by its first electric motorcycle closer to Diwali this year.

Read Full Story: https://www.livemint.com/companies/start-ups/ahmedabadbased-startup-matter-bets-on-ev-market-eyes-1-bn-turnover-by-2025-11613886204883.html

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