Matter bets on Indian EV market, targets $1 bn turnover by 2025

Bullish on the growth of electric vehicles (EV) market in India, EV and energy storage technology startup, Matter expects to clock a turnover of USD 1 billion (over Rs 7,250 crore) by 2025, according to a top company official.
The Ahmedabad-based company, which has so far invested USD 3 million (over Rs 20 crore), will be launching its lithium-ion batteries for solar and renewable management by April, which will be followed by its first electric motorcycle closer to Diwali this year"2021 is the year of the electric, according to Matter.. The industry as a whole would be much larger in five years time than even the best of estimates.