Ahmedabad-based electric vehicle startup Matter targets $1B turnover by 2025 EV startup Matter plans to launch its lithium-ion batteries, followed by its electric motorbike this year. 0 claps Share on Bullish on the growth of electric vehicles (EV) market in India, EV and energy storage technology startup Matter expects to clock a turnover of $1 billion (over Rs 7,250 crore) by 2025, according to a top company official. The Ahmedabad-based company, which has so far invested $3 million (over Rs 20 crore), will be launching its lithium-ion batteries for solar and renewable management by April 2021, which will be followed by its first electric motorcycle closer to Diwali this year.