Led by one of the Lalbhai scions, Ahmedabad-based technology and electric start-up Matter plans to launch electric vehicles (EV) two wheelers in the fourth quarter of calendar year 2021.
Designed to cater to the mass adoption market, the vehicles will be eligible for FAME-II subsidies, said Matter founder and chief executive officer Mohal Lalbhai.
While the startup will begin retail operations by April 2021 through one B2B and one B2C distribution channel, initially it will begin retailing its energy solutions under the division ‘Matter Energy’, followed by launch EV two-wheelers under ‘Matter Mobility’ in Q4 2021.
