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 type | Stage | Date | Amount | Investors |
|---|---|---|---|---|
| Equity | Series A | May 16, 2024 | $4.0m |