Matter Group secures $ 35 mn funding from Helena and other US investors
ECONOMY & POLICY

Matter Group secures $ 35 mn funding from Helena and other US investors

EV and energy storage startup Matter Group announced that it had secured $35 million in the ongoing Series B funding round, led by the US-based problem-solving organization Helena. This funding will be used to enhance the company's manufacturing, supply chain, marketing, and retail expansion to meet the increasing demand for sustainable, high-performance mobility solutions.

The funding round saw participation from several investors, including Capital 2B, Japan Airlines, Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), and other institutional investors and Family Offices. The announcement emphasized that Helena's involvement came through its venture capital arm, highlighting the organization's role in leading the investment round.

Matter Group expressed that the funding validates its innovative approach to electric vehicles, underscoring its commitment to empowering mobility and fostering a cleaner future. The company aims to create accessible, reliable, and high-performance products driven by advanced technology.

Founder and CEO of Matter Group, Mohal Lalbhai, remarked that the company was excited to onboard Helena and other notable investors. He stated that the raised funds would support Matter Group's mission to develop cutting-edge products in the electric vehicle market.

EV and energy storage startup Matter Group announced that it had secured $35 million in the ongoing Series B funding round, led by the US-based problem-solving organization Helena. This funding will be used to enhance the company's manufacturing, supply chain, marketing, and retail expansion to meet the increasing demand for sustainable, high-performance mobility solutions. The funding round saw participation from several investors, including Capital 2B, Japan Airlines, Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), and other institutional investors and Family Offices. The announcement emphasized that Helena's involvement came through its venture capital arm, highlighting the organization's role in leading the investment round. Matter Group expressed that the funding validates its innovative approach to electric vehicles, underscoring its commitment to empowering mobility and fostering a cleaner future. The company aims to create accessible, reliable, and high-performance products driven by advanced technology. Founder and CEO of Matter Group, Mohal Lalbhai, remarked that the company was excited to onboard Helena and other notable investors. He stated that the raised funds would support Matter Group's mission to develop cutting-edge products in the electric vehicle market.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement