# Matel Motion and Energy Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matel-motion-and-energy-solutions-pvt

- Industry: Industrial Machinery
- Headquarters: Pune, India
- Website: www.matel.co.in/
- Total disclosed funding: $21M
- Latest round: Series B (Aug 3, 2026)
- Investors on record: 4

## About

Based in Pune, Maharashtra, India and founded in 2017, MATEL Motors operates as a provider of state-of-the-art powertrain technology, offering a range of electric machines, controllers, and geartrain solutions designed for high energy efficiency and various applications. Their products include the 3-Wheeler L5 Powertrain, featuring an integrated electric drive solution with efficient PMSM motors, silent gearboxes, and MCU with VCU functionality, as well as energy-efficient motors and drives for industrial applications.Based in Maharashtra, India and founded in 2017, MATEL Motion and Energy Solutions Private Limited,,co founded by Mahesh Toraskar, Netaji C. Patro (CBO), and Sunil Patel(CEO), provides electric vehicle powertrains, motor controllers, geartrains, and high-efficiency synchronous motors for the e-mobility and industrial automation sectors. The company specializes in developing energy-efficient motion and powertrain technologies for automotive, manufacturing, HVAC, textile, pumping, and renewable energy applications. In August 2026, Matel Motion and Energy Solutions Pvt. Ltd. raised INR 1.3 billion in series B funding led by Unitus Capital, with participation from Catamaran Ventures, Transition Venture Capital, and Gruhas Proptech.

The company provides a wide range of advanced electric powertrain systems, such as the L5 and L3 powertrains for 3-wheelers, the IPM PMSM motor for 2-wheelers, 3-wheelers, 4-wheelers, buses, and off-road vehicles. Matel also provides intelligent motor control units (MCUs) and smart battery management systems (BMS) to enhance vehicle performance and reliability. In addition, the firm offers motors and drives, including solar pumping motors and IEC motors, for industrial applications.

MATEL generates revenue through the sale of electric vehicle powertrain systems, motor controllers, gearboxes, and related mobility solutions to OEMs and vehicle manufacturers. It also earns revenue from the manufacturing and supply of high-efficiency industrial motors, drives, and energy-saving solutions for industrial customers.

The company plans to use the August 2026 funding to expand manufacturing capacity, strengthen R&D, accelerate product development and hire across engineering and production teams.

## Funding rounds

- Series B, Aug 3, 2026, $14M — Unitus Capital, Catamaran Ventures, Gruhas Proptech, Transition Venture Capital
- Series A, May 16, 2024, $4M — Gruhas Proptech, Transition Venture Capital
- Seed, May 10, 2024, $3.2M — Gruhas Proptech, Transition Venture Capital

## Investors

- Gruhas Proptech (https://capitalatlas.ai/funds/gruhas-proptech) — Seed, Series A, Series B
- Transition Venture Capital (https://capitalatlas.ai/funds/transition-venture-capital) — Seed, Series A, Series B
- Unitus Capital (https://capitalatlas.ai/funds/unitus-capital) — Series B
- Catamaran Ventures (https://capitalatlas.ai/funds/catamaran-ventures) — Series B