He Returned 40,000 Bookings and Still Built India's Biggest EV Motorcycle Bet | Fynd Out with Ragini

Did you know India's first geared electric motorcycle was built entirely in-house by a startup from Ahmedabad with zero imported technology?In this episode of Fynd Out With Ragini, we sit down with Mohal Lalbhai, Founder & Group CEO of Matter Motors, to decode how he built the world's only geared electric motorcycle from scratch, why he returned 40,000 pre-bookings because he could not deliver on the promise, and why he believes India could become for motorcycles what China became for EVs globally.From supply chain horror stories and memory chip crises to why the EV charging infrastructure problem in India is the biggest misinformation in the market, Mohal holds nothing back. He also reveals why 8% of Matter's buyers are women, why Tier 2 and Tier 3 cities are outpacing metros in EV adoption, and why the gearbox was not a feature but the heart and soul of the motorcycle.Key insights include how Matter Motors built 100 plus patents with zero imported technology, why India's two wheeler EV market is still at less than 9% penetration and what that means for the next decade, how liquid cooling became the breakthrough that changed everything, and why Mohal believes the winner of India's EV transition will not be the company with the best machine but the one that delivers at scale.If you are interested in electric vehicles India, EV motorcycles, Made in India manufacturing, or deep tech startups, this one is not optional.Don't forget to like, comment, and subscribe to Fynd Out With Ragini for more operator-first conversations with the founders and builders shaping the future of commerce, manufacturing, and consumer intelligence in India.Time Stamps:(00:00) In This Video (01:56) Why Mohal Built an EV Startup (02:44) Building Geared Electric Motorcycle Tech (04:53) Competing with Bajaj and Royal Enfield (06:28) Indian Motorcycle Design Going Global (07:47) First Electric Motorcycle Prototype (09:47) Manufacturing Everything in India (11:02) Production Shutdown Horror Story (14:12) CAFE Rules and EV Advantage (16:43) EV Charging Infrastructure Truth (18:10) Matter Aera Real-World Range (19:10) 100+ Patents and Matter's Moat (22:06) Which EV Variant Is Right for You (22:55) Electric Motorcycle vs Petrol Bike (24:29) Returning 40,000+ Bookings (26:47) EV Bikes Sold So Far (27:56) Electric Motorcycle Production Cycle (29:24) Real Customer Insights (30:57) Tier 2 India Adopting EVs Faster (32:40) EV Pricing in India (34:14) Handling Legacy OEM Competition (35:45) Why Tesla’s Config Won’t Work in India (36:16) Who Is Buying Electric Motorcycles (37:00) Electric Motorcycle Durability (38:23) Book Now Before Diwali (39:31) Future of Matter Motors (40:29) Why Investors Should Watch Matter (41:02) Rapid Fire with Mohal (42:00) Future of EVs in India (43:09) Closing & Thank YouCatch the entire series on our YouTube channel – new episodes every Saturday!_____________Links:Fynd Out With Ragini VarmaInstagram: https://www.instagram.com/fyndoutwithragini/  Spotify: https://linktw.in/tDCoyf Apple Podcast: https://linktw.in/eYxOOd  MatterWebsite: https://www.matter.in/ LinkedIn: https://www.linkedin.com/company/matterindia/ Instagram: https://www.instagram.com/matter.in/ Mohal LalbhaiLinkedIn: https://www.linkedin.com/in/mrlalbhai/ Instagram: https://www.instagram.com/mohallalbhai/ Ragini VarmaLinkedIn: https://www.linkedin.com/in/ragini-varma/ Instagram: https://www.instagram.com/raginnivarma/ FyndLinkedIn: https://www.linkedin.com/company/fynd-shopsense/ Instagram: https://www.instagram.com/gofynd/