two-wheeler
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The Spanish startup that bet electric bikes could beat gas, then quietly started selling gas bikes too
A team of university racing engineers set out to make an electric bike that rides like a real motorbike and costs like one too. Then they hedged the bet - and started selling petrol versions of the same machine.
Matter
Matter is an Ahmedabad-based deep-tech mobility and energy company best known for the Aera, India's first geared electric motorcycle. Founded in 2019 by Mohal Lalbhai and a team of engineers, Matter designs and manufactures connected electric two-wheelers with a four-speed manual gearbox and liquid-cooled lithium-ion battery packs, alongside a separate line of stationary and mobility energy-storage products. The company runs its own next-generation factory in the Ahmedabad region and has raised tens of millions in venture funding to scale production of vertically integrated, India-specific EVs.