Electric motorcycle manufacturer Matter Motors has secured INR 82 crore in a funding round with investments from Japan Airlines & TransLink Innovation Fund and Helena Special Investments Fund, among others.
The Ahmedabad-based company issued 1.1 lakh compulsory convertible preference shares at INR 7,320 each, according to documents filed with the Registrar of Companies.
Los Angeles-based private equity firm Helena Special Investments Fund contributed approximately INR 41 crore, while Japan Airlines & TransLink Fund, the venture arm of Japan Airlines, invested INR 25 crore. Info Edge-backed Capital 2B Fund increased its previous investment in the company with an additional INR 10 crore.
Matter Motors previously raised USD 10 million in June 2022 from Capital 2B and Baring Private Equity Partners, among others.
