Ahmedabad-headquartered EV tech and energy storage firm Matter Group has secured the first tranche of $35 million (INR 2.91 billion) in the current investment round. 

The investment was led by Helena, a US-based global problem-solving organisation, which invested through its venture capital arm. Other notable investors include Capital 2B, Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), other Institutional investors and Family Offices. 

The capital the company says will help accelerate its efforts to scale manufacturing, supply chain, marketing and retail to meet the growing demand for sustainable, high-performance mobility solutions.

Mohal Lalbhai, Founder & CEO, Matter Group said, “We at Matter welcome Helena and notable investors – including Capital 2B, Japan Airlines & Translink Innovation fund, SB Invest, other Institutional investors and family offices – with much excitement on this fascinating journey. We are dedicated to creating accessible, reliable, and high-performance products driven by our innovative technology. Leading this complex mobility transformation are over 600 Matter innovators, who keep riders at the forefront of our efforts.”

Suprotik Basu, Managing Partner, Helena added, "We believe it is an inevitability that transportation in this market will electrify, and India is the most exciting place in the world for that transition to materialise. The question is which team will be nimble, innovative and hardworking enough to seize this moment of transition. The Matter team has impressed us immensely with their approach towards value driven, high performance technology products. It has been wonderful to see the initial positive consumer traction, and strong progress from the company thus far. We are excited to deeply partner with Matter to reshape the electric vehicle landscape for India and for other emerging markets to address our shared global climate challenges.”

Vibhore Sharma, Partner, Capital 2B added, “We are thrilled to be a part of the growth trajectory of Matter Group and their vision of empowering mobility through breakthrough technology, prioritising performance, reliability, safety, and security as core principles. The team at Matter has successfully developed a unique blend of great performance and best value that is poised to transform the entire two-wheeler industry with their electric motorbikes.”

Takao Suzuki, Executive Officer, Senior Vice President – Innovation at Japan Airlines, "The Japan Airlines & Translink Innovation Fund is dedicated to fostering sustainable and innovative businesses through pioneering use of cutting-edge technologies and business collaborations in mobility, digital, ESG-related, and other fields. We are pleased to collaborate with Matter to explore the potential of MaaS (Mobility-as-a-Service) by adding electric motorcycles and energy storage technology to JAL's new challenge through our investment in Matter Group.” 

Sheikh Mohammed Saad Bahwan, MD, SB Invest and Director of OTE Group said, "At SB Invest, we believe in supporting transformative technologies that have the potential to make a global impact. Matter Group's vision and technological prowess makes them a standout player in the energy domain. We are proud to be part of their journey towards energy independence. Our commitment to empowering every individual through efficient mobility gets a clear direction through this association."

The EV company has developed its in-house, hyper-scalable technology stack, leveraging data, software and machine intelligence to create what it claims is India’s first 4-speed hyper-shift geared electric motorbike – Aera. The proprietary 5 KWh liquid-cooled battery and powertrain offer great performance and longevity. The e-motorcycle claims to offer over 125km range per charge, with a 5-amp onboard charging system. The Internet-enabled navigation, music, calls, and a 7-inch touchscreen provide information at the user’s fingertips. 

Matter claims it has secured 40,000 pre-bookings for its Aera e-motorcycle, which is set to commence deliveries this festive season. It has also onboarded over 100 dealer partners who will be creating a first-of-its-kind retail experience, reinforced by the most innovative suppliers. 

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Chennai-headquartered electric vehicle start-up Raptee.HV has become the first automaker in the state to receive INR 250 million from Tamil Nadu Industrial Development Corporation (TIDCO) under the Startup Investment Policy 2025.

The EV maker is amongst the two start-ups selected by the Tamil Nadu state as part of its plans to support high-potential companies focussing on deep tech and the advanced manufacturing ecosystem.

Dr TRB Rajaa, Minister for Industries, Investment Promotion & Commerce, government of Tamil Nadu, stated, “We will specifically focus on making strategic investments in deep-tech startups which need long-term capital to succeed.  Since 2024, we have been working to reimagine TIDCO’s role with an ambition to transform Tamil Nadu into a product nation. As part of that vision, we have repositioned TIDCO as a venture catalyst, building a structured venture investment framework that can support startups at critical stages of growth. This policy now enables TIDCO to invest up to INR 250 million in startups across sunrise sectors such as electric vehicles, aerospace and defence, renewable energy, semiconductors, medical electronics, artificial intelligence, blockchain, quantum computing, agro processing, technical textiles and speciality chemicals.”

The State Policy aims to ensure that Tamil Nadu’s most promising technology companies find patient capital, strategic support and scale opportunities.

It was just last month, Raptee.HV begin deliveries of the T30 electric motorcycle, which utilises high-voltage technology (HV-Tec), a platform typically found in electric cars, for its two-wheeler products.

The T30 is priced at INR 239,000 (ex-showroom) and comes with an 8-year battery warranty and a 3-year vehicle warranty.

With initial deliveries in Chennai, the company has announced plans to expand into Bengaluru in April 2026 with a showroom and service centre. By end-2026, it intends to establish operations in all South Indian state capitals and begin entry into Western India.

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U Power has completed operational testing and integration of the battery-swapping system for heavy-duty truck prototypes intended for the Thailand market.

The milestone follows the partnership established in December 2025 with Whale Logistics (Thailand) to deploy 1,000 units in the country with the production and delivery of the first batch of tractors scheduled for May 2026.

The project was developed by U Power in conjunction with SAIC Hongyan Automotive and UNEX EV. The prototypes underwent three months of road testing to evaluate technical systems. Following integration, the vehicles met design specifications for highway logistics transportation. The project uses the UOTTA battery-swapping solution, which allows for battery replacement within minutes.

The initiative is designed to support the adoption of battery-swapping in the road logistics sector. By using this model, vehicle operators can avoid investment in grid expansion and charging infrastructure. The system is intended to maintain operational efficiency levels comparable to fuel-powered trucks while addressing battery degradation. Thailand serves as a location in U Power’s growth plan for Southeast Asia.

U Power provides AI-integrated solutions that connect electric vehicles with energy infrastructure. The company’s technology focuses on the optimisation of mobility and grid performance through modular battery-swapping stations. The deployment of these 1,000 vehicles is intended to meet logistics demand and increase transport efficiency in the region.

Johnny Lee, Founder and Chief Executive Officer, U Power, said, "Completing full-condition road testing of our pilot vehicles confirms the reliability and efficiency of the UOTTA battery-swapping model. Via the partnership with Whale Logistics, we are set to deploy 1,000 vehicles in Thailand to meet high-frequency logistics demand and boost operational efficiency. Thailand is a strategic market in U Power's global growth plan. By pioneering battery-swapping solutions for taxis and heavy-duty trucks, we are strengthening our leadership in Southeast Asia and driving low-carbon commercial transportation, while laying the foundation for expansion across the region."

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Swedish electric performance car brand Polestar has published the full carbon footprint of the Polestar 5, reinforcing its commitment to climate transparency within the automotive sector. Since 2020, the manufacturer has provided comprehensive Life Cycle Assessments for all its models, with the Polestar 5 being the latest addition to this publicly available data. The company emphasises that scrutinising emissions from materials and production is essential for actively reducing the overall climate impact of vehicle manufacturing.

As the first original equipment manufacturer to disclose the carbon footprint for its entire lineup, Polestar offers consumers clear insight into the environmental cost of their vehicles. The Polestar 5 records a cradle-to-gate footprint of 23.8 tonnes of carbon dioxide equivalent, which encompasses emissions from raw material extraction through to the point of customer delivery.

A significant focus for emission reduction lies in material sourcing. Aluminium, a notably carbon-intensive component, has been targeted for improvement. In the Polestar 5, a portion of the aluminium is recycled, and the vast majority is sourced from smelters utilising renewable electricity. This strategic shift avoids substantial emissions compared to conventional methods.

Renewable energy extends beyond material supply to the production facilities themselves. The plants responsible for assembling the Polestar 5, along with those manufacturing its battery cells and related components, are powered by renewable electricity, thereby lowering the overall manufacturing emissions.

Further environmental gains are achieved through innovative interior materials. Natural fibre composites, developed with Bcomp, incorporate a flax-based fabric that reduces reliance on fossil-based substances and offers weight savings over traditional composites. Recycled content is prevalent throughout, including carpets made from reclaimed fishing nets and textiles from recycled PET. The design also facilitates future recycling, exemplified by the front luggage compartment’s mono-material PET construction. For those selecting leather, a chrome-free, ethically sourced option is available.

The Polestar 5 demonstrates that sustainability can coexist with high performance. The four-door grand tourer delivers substantial power and torque, achieves an estimated driving range up to 678 km (WLTP) and benefits from an 800-volt architecture enabling rapid DC charging (from 10 to 80 percent in 22 minutes).

Fredrika Klarén, Head of Sustainability, Polestar, said, “You cannot reduce what you don’t measure. Making the carbon footprint of a car visible helps focus the industry on where emissions occur, particularly in materials and manufacturing. That transparency is essential if we want to scale the low-carbon materials, renewable energy and circular solutions needed to reduce the climate impact of cars.”

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MG has introduced its latest model, the all-new MGS9 PHEV, marking the brand's entry into the seven-seat SUV market. This plug-in hybrid vehicle aims to blend spacious family practicality with efficient operating costs. Pricing for the new model starts at GBP 34,205 (approximately USD 45,956) and reaches up to GBP 36,945 (approximately USD 49,606) for top-tier versions.

The vehicle’s interior is designed for adaptability, featuring three rows of seating. When the rearmost seats are not required, they can be folded to unlock over 1,000 litres of cargo capacity, accommodating luggage, sports equipment or everyday family needs. Even when all seven seats are in use, the MGS9 retains a practical 332 litres of boot space.

Power is supplied by a familiar plug-in hybrid system, previously seen in the award-winning MG HS. It pairs a 1.5-litre turbocharged petrol engine with a substantial 24.7 kWh battery. This setup provides an electric-only driving range of up to 62 miles (approximately 99.78 km), a figure that should comfortably cover the average daily commute or routine school and shopping trips.

In keeping with the brand's reputation for value, the MGS9 comes generously equipped. Features include leather-style upholstery, a panoramic sunroof and tri-zone climate control. Adding to passenger comfort, the front seats are also ventilated and offer a massage function. Safety has been thoroughly addressed, with the model already securing a maximum five-star Euro NCAP rating. This achievement is supported by its robust high-strength steel construction and a comprehensive suite of up to 16 advanced driver assistance systems. The vehicle is currently available for ordering, with full specifications due to be released later this month as initial deliveries reach UK showrooms.

David Allison, Director of Product and Planning, MG UK, said, "The launch of the MGS9 PHEV represents a significant milestone for MG, marking our entry into the 7-seat SUV segment and further strengthening our position in the large SUV market. As a vehicle that is both longer and taller than the MG HS, the all-new MGS9 PHEV delivers enhanced presence and versatility, offering the flexibility of a third row to meet the evolving needs of modern families and lifestyle-driven customers. Combining an excellent electric range and strong efficiency with an elevated level of specification and refinement, the all-new MGS9 PHEV continues MG’s commitment to delivering accessible innovation and exceptional value within a highly competitive 7-seat SUV segment.”

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