Matter Motor Works plans to launch one electric bike annually over next 3 yrs

NEW DELHI: Electric motorcycle maker Matter Motor Works plans to launch one new model every year in the next three years as it looks to accelerate volume growth, its Co-founder and Group COO Arun Pratap Singh said on Thursday.

- NL CORESSPONDENT

The Ahmedabad-based company, which on Thursday launched its geared electric bike AERA in the Delhi market, plans to open up to 60 dealerships across the country this fiscal, with the majority of them in South India, Singh told PTI there.

“There are products planned, at least a new launch every year. So that's what we can see for the next three years,” he said when asked about the company’s product pipeline.

He said the company is focusing on electric motorcycles only at present and is not looking at electric scooters “as of now”.

On the company’s first model AERA, he said, “We took almost six years to develop the vehicle. We started deliveries in October last year.”