Matter, a startup driven by tech innovation, has collaborated with OTO, a digital commerce and financing platform for two-wheelers, to offer customers flexible and budget-friendly financing choices for their futuristic AERA motorbike, which represents 22nd-century technology.
This partnership aims to increase Indian electric two-wheeler availability. On the OTO website and mobile app, clients may book the Matter AERA and finance it with a click. This strategy advances paperless and digital two-wheeler financing at customers’ convenience, as per reported by BW Disrupt.
Sumit Chhazed, CEO and Co-Founder, OTO said, “We are thrilled to announce our partnership with Matter, a company that shares our vision of a sustainable future. At OTO, we are committed to delivering innovative solutions to our customers, and by partnering with Matter, we are taking a significant step toward providing eco-friendly and futuristic transportation options. Our collaboration with Matter is a testament to our commitment to promoting sustainable mobility and reducing carbon footprint. We are eager to see the positive outcomes that will result from our joint efforts, and we remain steadfast in our pursuit of a brighter, greener future”
By joining forces, the two companies aim to lead the electric vehicle revolution in India by offering adaptable financing alternatives to the nation’s 65% two-wheeler market. The increase in the two-wheeler loan portfolio indicates that a larger number of individuals are interested in embracing electric two-wheelers, which is a promising development for both the environment and the economy.
Mohal Lalbhai, Group CEO and Founder, of Matter, said: We are pleased to join hands with OTO and lead the electrification revolution in India. Our collaboration will allow us to offer our consumers an end-to-end EV buying experience, making the transition to electric mobility simpler and more affordable. The partnership will be applied online and at all dealership outlets of Matter. This partnership endeavors to accelerate the wider adoption of EVs.
Arun Pratap Singh, Group COO, and Co-Founder, of Matter, said this partnership is another step forward in reaching a wider consumer base and will help us to tap into a growing market of environmentally and value-conscious consumers. By offering affordable financing options through OTO, we can attract a new segment of customers and position ourselves as a leader in sustainable mobility solutions. Matter and OTO are working on a deeper partnership with the common motto of creating a sustainable future.
Matter is a startup based in Ahmedabad that specializes in developing future energy products in the electric vehicle and energy storage sectors. Its primary focus is on research and development, producing India-specific products, and providing value to customers through design, functionality, and pricing. The company has designed and will manufacture electric two-wheelers tailored to the needs of the Indian market.