Mumbai, April 6 -- Electric motorcycle manufacturer Matter Motor Works is seeking to raise fresh capital in a Series C funding round. This could value the company at around $300 million post-money, two people aware of the matter told Mint.

Co-founder Mohal Lalbhai confirmed the fundraise, saying the company is in discussions with existing and new investors to support market expansion this financial year, but declined to comment on valuation. "We are currently in the process of raising around $50 million from existing and new investors as we look to grow our market presence over this financial year," he said.

The round is being led by existing investors, including Capital 2B, and Japan Airlines' JAL Innovation Fund, one of the two people...