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Ahmedabad-based electric vehicle startup Matter targets $1B turnover by 2025


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.
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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. ....

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[Funding alert] Deep tech battery technology startup Gegadyne Energy raises Series A round


[Funding alert] Deep tech battery technology startup Gegadyne Energy raises Series A round
Gegadyne Energy will use the funding to expand the startup s operations and set up a world-class battery research lab in India a one of its kind in the country.
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Gegadyne Energy, a deep tech startup developing non-lithium based quick charging battery technology for the EV space and other battery dependent applications, on Tuesday announced that it has raised Series A funding of
~$5 million from V-Guard Industries.
According to the startup, the funds raised will be utilised to scale up the research and the ramp up the business globally. A major chunk of the fund will be used to expand operations and setup a world class Battery Research lab in India a one of its kind in the country. ....

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EV startup Gemopai wants to make electric scooters the preferred choice for last-mile commute


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With an aim to ease last-mile commute woes, reduce pollution, and tap into the growing market for electric two-wheelers in India, a Greater Noida-based startup is
developing electric scooters for the country.
Started in 2018 by
Amit Raj Singh and Kshitij Kumar, Gemopai is a joint venture between Delhi-based Goreen E-Mobility and Chinese electric vehicle (EV) manufacturer Opai Electric.
“During my 12 years of stay and doing business in China, I got a chance to witness the transformation of their two-wheeler industry into all-electric due to rising pollution levels,” says Amit.
“I visited an electric mobility company and understood its working and benefits. Since India is also dealing with increasing pollution levels, I saw ....

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