Ahmedabad-based Matter Motor Works has unveiled its first electric motorcycle Aera in two variants priced between ₹1.43 lakh and ₹1.54 lakh.
“It took us nearly four years to develop this EV from scratch. We will start production soon after getting Automotive Research Association of India certification,” stated Saran Babu, co-founder and chief design officer.
Mr. Babu stated that the corporate was within the strategy of establishing a producing unit in Ahmedabad to make 60,000 items each year with the $20 million raised not too long ago. It was additionally planning to increase $75 million within the subsequent fiscal to ramp up manufacturing.
According to him, although the corporate has developed 4 variants, solely two are being displayed now. It could have one uniform pre-register worth throughout India.
