M
Matel
India · Industrial tech · Mobility
Matel designs and manufactures motors, controllers and powertrains for vehicle makers and industrial equipment suppliers.
Product
Matel supplies the components that convert electrical power into controlled motion. Its portfolio combines motors, drives, controllers and geartrains for electric vehicles, industrial equipment and solar pumping.
The company develops and tests powertrain components in-house, offering both ready-made variants and products suited to particular applications. Industrial uses include pumps, compressors, textiles and heating or ventilation equipment.
- Customers
- Vehicle and industrial equipment manufacturers
- Offering
- Motors, controllers and integrated powertrains
Funding history
2 rounds · 2 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series B | ₹1.3B | UC Impower Fund — LeadCatamaran Ventures — ParticipantTransition VC — Participant | |
| Series A | $4M | Transition VC — LeadGruhas — ParticipantHaresh Abichandani — Participant |