EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore

To roll out its first two-wheeler in H1 of 2022, inks MoU in electric mobility and energy storage solutions

On the back of a growing demand and a potential ramp up in its operations, Ahmedabad-based electric mobility and energy storage solutions start-up Matter is planning to roll out its first electric two-wheeler in first half of 2022.

"Looking at the current and growing demand in electric mobility as well as energy storage, Matter has decided to ramp up its manufacturing footprint from 60000 vehicles per annum in first phase to 200,000 in phase two. We have just finished setting up a 200 Mw plant for battery and will be going into production in January 2022. Similarly, we are looking