Skip to main content

Matel

Matel

Type

startup

Founded

2016

Funding captured

$4.0m

Deals captured

1

About Matel

Matel Motion and Energy Solutions Pvt Ltd designs, develops and manufactures high-efficiency electric motors and motor controllers for industrial and mobility applications. The company produces IE5 permanent-magnet synchronous motors and powertrain solutions for electric 2-, 3- and 4-wheel vehicles, HVAC, pumps (including solar pumps), compressors and special-purpose machines, focusing on energy savings, high power density, serviceability and Made-in-India manufacturing for OEMs and industrial customers.

Matel funding captured (1)

Deal typeStageDateAmountInvestors
EquitySeries AMay 16, 2024$4.0m