Matter Motors Aims to Raise $200M for Expansion and IPO
Matter Motors, a prominent player in the Smart Motors industry, has disclosed ambitious plans to raise $200 million. This funding aims to fuel expansion and pave the way for a public listing on the stock market within the next 3 to 4 years. The company's 24V product type currently leads the market, accounting for a significant 36.3% share.
The global stock market for Smart Motors is projected to reach USD 4.8 billion by 2034, growing at a CAGR of 5.9% from 2025 to 2034. This growth is primarily driven by the increasing adoption of automation and energy-efficient technologies worldwide. North America currently dominates the stock market, valued at USD 1.0 billion in 2024, with a 37.8% share.
The Motor segment held a dominant 45.9% share in 2024, due to its widespread use across various industries such as manufacturing, automotive, and consumer electronics. Meanwhile, the Automotive sector holds a 32.5% share, boosted by the rising adoption of electric and hybrid vehicles. In the Asia Pacific region, rapid industrialization and government initiatives are driving the adoption of smart motors and sustainable mobility solutions.
Blue Energy Motors, another key player, recently secured USD 30 million in funding from Nikhil Kamath and Omnitex Industries. This investment will support the company's growth initiatives. However, unlike Matter Motors, there's no information about other companies planning an IPO on the stock market within the next 3 to 4 years.
The outlook for the Global Smart Motors Market remains exceptionally promising through 2034, driven by digitalization, sustainability goals, and automation advancements. Matter Motors' plans to raise $200 million and pursue a public listing on the stock market reflect the market's growth potential and investor confidence in the sector's future.
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