Khaitan & Co, JSA act on Matel ₹130 crore Series B fundraise

PE / VC 3 Aug 2026· ₹130 cr · Completed· ✓ Verified

Matel Motion & Energy Solutions, a Pune-based motor manufacturer, raised ₹130 crore in Series B led by UC Impower. Catamaran joined as new investor while existing investor Transition VC also participated. The capital will expand manufacturing capacity, strengthen R&D, accelerate product development, and support international expansion. Founded in 2017, the company designs and manufactures integrated powertrains for automotive and industrial applications, and is among the first in India to offer PMSM-based IE5 ultra-high-efficiency industrial motors, with IE6 under development.

Why it mattersMid-stage cleantech infrastructure fundraises in India increasingly attract marquee institutional capital (Infosys founder-backed Catamaran, UC Impower climate fund), signalling investor focus on supply-chain localisation for EV powertrains; counsel should track state-specific manufacturing incentives and FAME II compliance pathways.
CounselKhaitan & Co, JSA Advocates and Solicitors
SectorTechnology
Value₹130 cr
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