+
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.

Next Story
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?