Matter Motors raises Rs 82 crore from Japan Airlines & TransLink Innovation Fund, others

Electric motorcycle maker Matter Motors has raised Rs 82 crore in a funding round that saw investments from Japan Airlines & TransLink Innovation Fund and Helena Special Investments Fund, among others.

The Ahmedabad-based firm issued 1.1 lakh compulsory convertible preference shares at an issue price of Rs 7,320 each for the fundraising, documents filed with the Registrar of Companies showed.