Gujarat of Tomorrow

Mohal Lalbhai

He co-founded Matter, an electric-motorcycle and energy-storage company, in Ahmedabad in 2019, and leads it today as Group CEO.

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Anchored to Bitcoin · 2026-07-18

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Gujarat of Tomorrow
Clean Tech
Mohal Lalbhai
Matter
He co-founded Matter, an electric-motorcycle and energy-storage company, in Ahmedabad in 2019, and leads it today as Group CEO.
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Gujarat of TomorrowNo. 001
Matter
Founded2019 · Ahmedabad
Raised$63M
BackersNot yet on record
Compounding moves
2019 · Co-founded Matter in Ahmedabad with Arun Pratap Singh, Saran Babu and Kumar Prasad Telikepalli
2024 · Inc42-tracked total funding reached $63.00M across 2 rounds
2025 · Inc42-reported FY25 revenue ₹9.9 Cr (FY24: ₹5.9 Cr)
2026 · As Group CEO, Lalbhai said Matter plans to invest $100M over the next three years
Series 2026 · No. 001Fact-checked July 17, 2026 · anchored
Record v2 · 8 sources on record · Last recorded July 18, 2026 · Report an error →
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The record

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Company
Matter
Founded
2019 · Ahmedabad
Raised
$63M total (2 rounds)

Sources

Every claim above traces to a published source. These are the ones on file.

  1. Inc42 company profile
  2. Inc42 company profile
  3. Inc42 company profile
  4. Inc42 company profile
  5. Inc42 company profile
  6. Inc42 buzz
  7. Inc42 buzz
  8. Business Standard (via archive.org; direct fetch returns HTTP 403)

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3f6b3925f2b8d0bda40d5ec2934b010ef2b1c91fd6213cc024187a0e826dfc4a
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v1 · Minted 2026 · 07 · 17

Entered the record from public filings and credible reporting. sha256 240a…aada

Anchored to Bitcoin 2026 · 07 · 18

The current version’s fingerprint is timestamped to the Bitcoin blockchain across 2 versions. Provable, permanent, independent of this site.

Last revised July 18, 2026 · Raised · Full history →

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4 anchored to Bitcoinc03b9ea218 Jul 2026