Matel Motion and Energy Funding: INR 1.3 Billion Series B Round

Series B Funding Round

Matel Motion and Energy funding reached INR 1.3 billion with the closure of a Series B round announced on August 5. The financing is led by UC Impower, an early-growth-stage fund focused on Climate Solutions and Financial Services. Catamaran joined the round as a key new investor, while existing investor Transition VC continued its participation. The funding provides Matel with capital to broaden its product range and enter the electric CV segment while supporting its wider expansion plans.

Expansion, Manufacturing and R&D Plans

The investment will support advanced R&D infrastructure, including proving facilities, alongside an expanded manufacturing setup designed to reach a capacity of half a million units per annum. Matel also plans to scale its international footprint to acquire new customers. The company specializes in designing and manufacturing IE5 high-efficiency electric motors for EV and industrial applications. Its planned product expansion and entry into electric commercial vehicles are therefore supported by investments in research infrastructure, production capacity and international growth, while maintaining its focus on high-efficiency electric motor technologies.

Frequently Asked Questions

How much funding did Matel Motion and Energy raise?
The company closed an INR 1.3 billion Series B funding round announced on August 5, with participation from new and existing investors. The round was led by UC Impower, while Catamaran joined as a key new investor and Transition VC continued its participation. The capital is intended to support product expansion, entry into the electric commercial vehicle segment, advanced R&D infrastructure, proving facilities, manufacturing expansion and international growth. The company specializes in IE5 high-efficiency electric motors for EV and industrial applications.