Matter to Invest $150 Million by 2028

Matter is a company that makes electric motorcycles.

They plan to spend $150 million over the next three years to make new products, like an electric scooter, and sell more bikes.

They want to sell between 150,000 and 180,000 bikes each year by 2028.

Right now, they can make 120,000 bikes per year, but they will increase their capacity as needed.

They are also expanding to more cities in India and plan to have 400 dealers by 2028.

Matter is using special magnets that don't need rare earth materials and has introduced a new technology platform called AI-defined vehicles (AIDV).

This platform makes their bikes smarter and more advanced.