Startup Atlas · Automotive

Matter Motor Works

Matter Motor Works Private Limited ● Ahmedabad, Gujarat ● Founded 2019 ● matter.in ↗

Mohal Lalbhai · Founder & Group CEO Arun Pratap Singh Kumar Prasad Telikepalli Saran Babu

$45 MnTotal funding (tracked)

2Funding rounds

3 Jul 2024Last round

Matter Motor Works: Financial Breakdown

Figures below are FY2023, standalone basis, compiled from filings and disclosures — every year cited to its source.

Pre-revenue stageTotal revenue

loss of INR 25 Cr in the financial year 2022-23 (FY23)Net loss

Fiscal year	Revenue	Total expenses	EBITDA	Net profit / loss	Source
FY2023	Pre-revenue stage	—	—	loss of INR 25 Cr in the financial year 2022-23 (FY23)	source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: inc42.com www.autocarpro.in · Last verified 9 Sep 2026. · Report a correction