Matel funding, investors and company details
Matel is an emerging Automobile - EV startup from Pune, working in the space of Industrial Technology – Energy-efficient electric motors, drives, and pumping solutions. Founded by Sunil Patel, Mahesh Toraskar, Netaji C. Patro.
- Company: Matel Motion and Energy Private Limited
- Sector: Automobile - EV
- Location: Pune
- Founders: Sunil Patel, Mahesh Toraskar, Netaji C. Patro
Company overview
Matel Motion and Energy is an Indian industrial technology company focused on developing energy-efficient motion and power solutions for industrial applications. Founded in 2016, the company specializes in the design and manufacturing of advanced electric motors, particularly IE5 ultra-premium efficiency motors, which help industries significantly reduce energy consumption and operating costs. Matel’s core business revolves around providing integrated pumping solutions and high-efficiency motor-drive systems tailored for sectors such as manufacturing, water management, and infrastructure. By combining cutting-edge motor technology with intelligent drive systems, the company enhances performance, reliability, and sustainability of industrial operations. The company’s value proposition lies in enabling energy savings and supporting the transition toward greener industrial practices, as its products are engineered to meet global efficiency standards while lowering carbon emissions. Through innovation in motor design and system integration, Matel Motion and Energy positions itself as a key player in the energy-efficient industrial equipment segment.
Funding rounds
- Latest round (Series B): ₹130.00 Cr. ($ 13.66 Mn), 2026-08-03. Investors: Catamaran Ventures, Transition VC
- Past round: $ 4.00 Mn (₹33.37 Cr.), 2024-05-16. Investors: Transition VC