Latest news with #Aera
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Business Standard
7 days ago
- Automotive
- Business Standard
EV startup Matter launches ₹1.93 lakh Aera 5000+ e-bike, eyes IPO
Electric vehicle startup Matter, which launched its Aera 5000+ electric motorcycle in Mumbai priced at ₹1.93 lakh, is positioning the product as a direct alternative to internal combustion engine (ICE) motorcycles in the 150–200cc segment. Backed by US-based venture firm Helena, Matter says its product is designed not to compete with electric vehicles (EVs) but with petrol bikes. Capital 2B, Japan Airlines & Translink Innovation Fund (Canada), SB Invest, and othe₹are investo₹in the startup. Matter aims to take on ICE rivals like the Yamaha R15 V4 (₹1.85 lakh), TVS Apache RTR 160 (₹1.18 lakh), Bajaj Pulsar NS200 (₹1.45 lakh), and KTM 200 Duke (₹2.06 lakh). The Ahmedabad-based startup was in pilot mode until June 2025 and is now expanding across Maharashtra, Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh, and Kerala. It aims to scale up from seven dealerships currently to 150 dealerships by the end of 2026, with a sales target of 50,000 units next year. The company expects to break even in the next three to five yea₹with a monthly run rate of 20,000–25,000 units. The Aera 5000+ comes with a 5 kWh battery and a certified range of 172 km, along with a four-speed manual gearbox—which the company claims is a first for an electric motorcycle in India. The company recently closed a $35 million Series B round, bringing its total funding to $75 million. Matter's post-money valuation now stands at $230 million. It plans to raise an additional $125 million in multiple tranches over the next three to four years, as part of a broader $200 million fundraising plan. 'The funds will be used to expand production, deepen research and development, and scale distribution,' Lalbhai said. 'We are targeting a public listing in the next three to four yea₹once we hit our revenue and growth milestones.' Matter has filed over 350 patents, with core components like the battery pack, gearbox, and powertrain developed in-house. Although the current Aera model uses rare-earth magnets, the company is working with a US-based firm on non-rare-earth motor technologies to mitigate future supply risks. 'India's motorcycle market is largely untouched by electrification. As more consume₹get options like Aera, we believe adoption will accelerate much like it did in scooters,' Lalbhai added.
Hindustan Times
04-07-2025
- Automotive
- Hindustan Times
Matter Aera launched at ₹1.93 lakh in Delhi. Check the geared EV motorbike out
₹1.93 lakh in Delhi. Check the geared EV motorbike out data-item-target-url=/auto/electric-vehicles/ data-item-story-segment=Electric> The Matter Aera is a geared EV motorbike which gets three different riding modes. Check Offers Matter, an Indian electric mobility startup, has introduced its Aera electric motorcycle in Delhi, marking the regional launch of what the company claims is India's first geared electric two-wheeler. Priced at ₹ 1,93,826 (ex-showroom), the Aera is now available for booking via the company's official website. This launch comes at a time when Delhi, one of the country's most polluted and densely populated cities, continues to witness rising interest in electric mobility. The Aera's entry is being positioned as a blend of performance, tech, and efficiency in a segment that typically relies on simplified automatic drivetrains. Matter Aera: Manual gearbox in an electric format A key feature of the Aera is its 'HyperShift' transmission, a 4-speed manual gearbox developed in-house. This system is paired with three ride modes, allowing for a total of 12 gear-mode combinations. While most electric two-wheelers offer a twist-and-go experience, Matter is betting on the idea that manual control can add a layer of rider engagement that's largely missing in the EV space. Also watch: Matter Aera 5000+ review: Can India's first geared electric motorcycle be a gamechanger? Matter Aera: Powertrain and performance The Aera is powered by a liquid-cooled electric powertrain, also developed by Matter, and is aimed at handling Indian climate and road conditions. It comes with a 5 kWh battery pack that is certified for a range of up to 172 km under IDC conditions. According to the company, the bike can accelerate from 0 to 40 kmph in under 2.8 seconds. Matter's Aera: Connectivity and tech features Inside the cockpit, the Aera features a 7-inch touchscreen display with integrated navigation, ride stats, and music controls. It also supports over-the-air (OTA) software updates. Connectivity is a central part of the package, with the MatterVerse app offering features such as remote locking and unlocking, live location tracking, geo-fencing, and ride analytics. Also Read : Matter Aera 5000+ real-world range tested in Sport mode: Here's how far it went Matter Aera: Safety and convenience For braking and ride comfort, the Aera uses a dual-disc setup with ABS and a dual suspension system. A smart park assist feature is included to assist with low-speed manoeuvres, and the bike also offers a keyless start system for convenience. Matter Aera: Running costs and ownership In terms of operating costs, Matter estimates that the Aera will consume energy at roughly 25 paise per kilometre, with potential savings of up to ₹ 1 lakh over three years when compared to petrol-powered commuter bikes. Also Read : Matter Motor targets mid-segment riders with EV motorcycles and a tiered product strategy Matter Aera: Vision Arun Pratap Singh, Founder and Group COO of Matter, said the Aera reflects a step toward redefining what electric motorcycles can offer. 'Delhi isn't just the capital, it's a city that sets the pace. The AERA is about power and precision, but also practicality," he stated. The AERA is entirely developed in India and is aimed at urban riders looking for a distinctive electric alternative that doesn't compromise on control or connectivity. With this launch, Matter hopes to carve out a niche in an increasingly crowded but largely automatic-focused electric two-wheeler market. Check out Upcoming EV Bikes in India. First Published Date: 04 Jul 2025, 09:15 AM IST
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Business Standard
03-07-2025
- Automotive
- Business Standard
Matter Motor Works hunts for new tech as rare earth stocks deplete
Electric motorcycle startup Matter Motor Works has enough rare earth magnets to sustain production for three to four months but is actively exploring alternatives, said Founder Arun Pratap Singh in an interview with Business Standard on Thursday. The Ahmedabad-based firm, which has raised $75–80 million since 2019, is working to avoid supply disruptions following China's curbs on rare earth exports. 'Not today. We've got stock for three to four months. But it will become a problem,' Singh said when asked about the impact of the shortage. 'I was in China sometime back. We had a meeting with our supplier. We thought we had a solution, but today, that solution is not working. We're trying to talk to them and find a way forward,' said Singh, who is the group chief operating officer of the company. He added that Matter currently imports only three critical components: rare earth magnets, battery cells, and semiconductor chips — all of which are not manufactured at scale in India. 'Everything else, we have here in India,' he said. 'We have stock for three to four months... then we will have a problem. So for me, the target is to solve this shortage issue within the next two months so that our production is not impacted,' he said. To address the looming supply challenge, Matter is evaluating magnet technologies that do not rely on rare earth elements. 'There are magnet manufacturers in the world who are developing magnets without these rare earth minerals. There are different technologies. We're talking to them too, and at the right time, we will switch over from these magnets,' he said. Launched in October 2024, Matter's first product — the Aera electric motorcycle — is currently sold in Ahmedabad, Jaipur, Bengaluru, Pune, and Delhi. The company plans to expand to 30 outlets across 20 cities by August and has set a sales target of 10,000 units for the current financial year (2025-26), scaling up to 50,000–60,000 units next year. According to Singh, non-rare earth magnets are only 5–7 per cent costlier and offer similar performance — making them a viable alternative as Matter ramps up production. China, which controls a sizeable share of global rare earth supplies, imposed export controls on several critical elements in April, citing national security concerns. These include samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium — metals used in high-performance magnets — along with related alloys and components. The Aera is priced at ₹1.93 lakh for the base model (Delhi ex-showroom). Singh acknowledged that a petrol bike offering similar performance would cost about ₹30,000 less but said electric bike buyers can recover that through lower fuel costs. 'The customer understands that electricity is a cheaper and more predictable fuel,' he said. Matter is also in the process of applying for subsidies under the central government's PM E-DRIVE (Electric Drive Revolution in Innovative Vehicle Enhancement) scheme. This support could lower the effective cost of the bike by another ₹5,000. 'Government support is important for customer confidence, but it is not a primary factor in our pricing,' Singh observed. Matter is targeting younger riders between the ages of 18 and 24, banking on design, performance, and long-term affordability to build traction in the competitive electric two-wheeler market.
Time of India
03-07-2025
- Automotive
- Time of India
Matter launches first geared electric motorbike Aera at ₹1.93 lakh
Matter, an Indian electric mobility company, has launched its geared electric motorbike, the Aera, in New Delhi at an introductory ex-showroom price of ₹1,93,826. The launch marks the company's expansion into the national capital ahead of the festive season. The Aera features HyperShift, a 4-speed manual gearbox developed specifically for electric motorbikes. According to the company, the Aera blends manual control, electric performance, and connected systems to create a new riding category. Bookings for the vehicle are now open on Matter's official website. Arun Pratap Singh, Founder & Group COO, Matter, said: 'Delhi isn't just the capital of India; it's a city that sets the pace for the nation's future. It's bold, fast, expressive, and always one step ahead. That's why we're proud to launch the Aera here—a motorbike that embodies power, progress, and precision. The Aera is not just an EV; it's the 22nd-century motorbike, delivering the thrill of a rocket with the practicality your pocket loves.' Features and specifications The Aera is powered by a 5kWh high-energy battery pack with an IP67 rating and a certified range of up to 172 km (IDC). It accelerates from 0–40 km/h in under 2.8 seconds. It also comes with a liquid-cooled powertrain designed for Indian road and climate conditions, and a 7-inch smart touchscreen dashboard that offers navigation, ride data, music control, and over-the-air (OTA) updates. Safety features include dual disc brakes with ABS, a dual suspension system, and park assist. The bike supports connected services through the MatterVerse app, allowing ride analytics, remote lock/unlock, live location tracking, and geo-fencing. It also includes a smart key for keyless riding. The company claims an operating cost of 25 paise per kilometre and potential savings of up to ₹1 lakh over three years of regular city use. The Aera is conceptualised, developed, and engineered in India and is positioned as a locally built, connected alternative in the growing electric two-wheeler segment.
Hindustan Times
30-06-2025
- Automotive
- Hindustan Times
Matter Aera 5000+ real-world range tested in Sport mode: Here's how far it went
The Matter Aera 5000+ comes with a battery capacity of 5 kWh (Tej Patel for HT Auto) Check Offers The Matter Aera 5000+ represents a new direction for electric motorcycles in India, with its manual gearbox and electric powertrain. Matter claims it has a range of 125 km in City mode, but we wanted to find out how it would perform when ridden in a sportier way. We did our ride in city traffic in Ahmedabad, where the bike was kept in Sport mode the entire time and we used aggressive throttle inputs, which is the ultimate test for any EV's efficiency. Matter Aera 5000+: Test setup: Route, mode, and riding style Our ride took place in Ahmedabad, navigating a mix of city traffic ranging from free-flowing stretches to signal-heavy bottlenecks. . The bike started with 98 per cent charge and an odometer reading of 891.2 km. For the entire duration, it was kept in Sport mode and ridden with aggressive throttle inputs, to simulate how a performance-focused rider might actually use it. Also Read : Matter Motor targets mid-segment riders with EV motorcycles and a tiered product strategy Matter Aera 5000+: Real world range At the end of the ride, the battery percentage dropped to 61 per cent, and the odometer showed 923.7 km, meaning we covered 32.5 km using 37 per cent of the battery. Extrapolating this, the estimated real-world range in Sport mode works out to approximately 88 km on a full charge. Matter Aera 5000+: Real world energy efficiency With the Matter Aera 5000+ housing a 5 kWh battery pack, the real-world energy consumption during our test worked out to around 17.6 km/kWh. While this is lower than the expected efficiency in City mode, it is in line with expectations for a performance-focused ride in Sport mode. Also watch: Matter Aera 5000+ review: Can India's first geared electric motorcycle be a gamechanger? How it compares to claimed figures Matter officially claims 110 km of range in Sport mode for the Aera 5000+, presumably using moderate throttle inputs and standard test cycles. Our estimate of 88 km is a more aggressive, real-world riding condition. The energy use and range will depend on terrain, rider weight, and traffic, but the Aera still is a viable option for everyday commutes, even for riders who like spirited riding. Despite the heavy throttle use and constant riding in Sport mode, the Matter Aera 5000+ delivered a real-world range of 88 km, which is over 80 per cent of its claimed figure. Check out Upcoming EV Cars in India, Upcoming EV Bikes in India. First Published Date: 30 Jun 2025, 17:00 PM IST
