The Daily Raise/August 3, 2026
Funding round
Matel Motion & Energy Solutions raises Rs 130 crore Series B round
Matel Motion & Energy Solutions (India) has raised Rs 130 crore in a Series B round, announced on August 3, 2026. The company is Designs motors, motor controllers, and powertrains for electric vehicles and industry.. The round was led by UC Impower, with participation from Catamaran, Transition VC.
Matel will use its Series B funding to expand manufacturing, R&D, hiring, product development, and international operations.
Company
Matel Motion & Energy Solutions
Amount
Rs 130 crore (~$13.6M)
Round
Series B
Sector
electric mobility
Country
India
Announced
August 3, 2026
Track every raise, every day
This deal appeared in The Daily Raise, August 3, 2026. Get the next edition in your inbox.
Just raised too?
Turn your funding news into guaranteed media coverage while the momentum lasts.