When was Matel founded?

Matel was founded in 2016 and raised its 1st funding round 8 years after it was founded.

Where is Matel located?

Matel is headquartered in Pune, India. It is registered at Flat No.404/A2, Rahul Park, Warje, Malwadi, S. No 80/3/2 Atul Nagar, Warje, Pune, Pune City, Maharashtra, India, 411058.

Who is the current CEO of Matel?

Sunil Motilal Patel of Matel. They have also founded 1 company.

Which legal entities is Matel associated with?

Matel is associated with MATEL MOTION AND ENERGY SOLUTIONS PRIVATE LIMITED.

How many employees does Matel have?

As of Aug 31, 2025, Matel has 202 employees, reflecting a 3% year-over-year decline in headcount.

Is Matel a funded company?

Matel is a funded company, having raised a total of $17.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 10, 2024.

How much is Matel worth?

The latest valuation of Matel is ₹***** as of Aug 04, 2026.

When was the latest funding round of Matel?

Matel's latest funding was a $***** Series B round on Aug 03, 2026, with participation from 5 investors. Its primary sector is Electric Vehicles. In India, the Electric Vehicles sector has seen $1.01B in funding in 2026 to date.

What is the annual revenue of Matel?

Annual revenue of Matel is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Matel rank among its competitors?

Matel ranks 57th amongst 7878 active competitors, of which 87 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Matel, which secured $13.6M in Aug, 2026.

Who are the top competitors of Matel?

Matel's top competitors include Uno Minda, Faurecia and CIE Automotive. Among them, Matel secured the most recent funding round in August, 2026.

Matel - 2026 Company Profile, Team, Funding, Competitors & Financials

Matel is a series B company based in Pune (India), founded in 2016 by Sunil Motilal Patel, Chinam Netaji Patro and Mahesh Toraskar. It operates as a Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors. Matel has raised $17.6M in funding from UC Impower and Transition VC, with a current valuation of ₹*****. The company has 7878 active competitors, including 87 funded and 861 that have exited. Its top competitors include companies like Uno Minda, Faurecia and CIE Automotive.

Company Details

Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors. The company designs, develops, and tests electric vehicle powertrain components, including motors, motor controllers, and gearboxes. It provides powertrain solutions for two-wheelers, three-wheelers, four-wheelers, buses, and commercial vehicles. The company also manufactures high-efficiency synchronous motors for industrial applications such as textiles, pumps, HVAC, and compressors.

Website: www.matel.co.in/
Social
Email ID: *****@matel.co.in
Registered Address: Flat No.404/A2, Rahul Park, Warje, Malwadi, S. No 80/3/2 Atul Nagar, Warje, Pune, Pune City, Maharashtra, India, 411058

Key Metrics

Founded Year

2016

Location

Pune, India

Stage

Series B

Total Funding

$17.6M in 2 rounds

Latest Funding Round

Series B, Aug 03, 2026, $*****

Post Money Valuation

₹***** as on Aug 04, 2026

Investors

UC Impower & 6 more

Ranked

57^th among 7878 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

202 as on Aug 31, 2025

Similar Companies

TSUYO & 105 more

View Matel's full profile

Matel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
MATEL MOTION AND ENERGY SOLUTIONS PRIVATE LIMITED CIN: U74999PN2017PTC171647 , India, Active	Jul 26, 2017	₹50 - ₹100 Cr (As on Mar 31, 2025)	120 (As on May 01, 2026)

Matel has raised a total funding of $17.6M over 2 rounds. Its first funding round was on May 10, 2024. Its latest funding round was a Series B round on Aug 03, 2026 for $*****. 5 investors participated in its latest round. Matel has 5 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Matel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 03, 2026	1892870	Series B	3430563	2715722	2704557	4056966
May 10, 2024	5918023	Series A	9682691	8086971	Transition VC	Gruhas & 1 more

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View details of Matel's funding rounds and investors

The founders of Matel are Sunil Motilal Patel, Chinam Netaji Patro and Mahesh Toraskar. Sunil Motilal Patel is the CEO of Matel.

Here are the details of Matel's key team members:

Sunil Motilal Patel: Co-Founder & CEO of Matel. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Chinam Netaji Patro: Co-Founder & CBO of Matel. They serve on the board of 1 company.
Contact Info: 1 phone number
Mahesh Toraskar: Former Co-Founder of Matel.

Matel's Board of Directors

Matel's board has 2 active members. Sunil Motilal Patel and Chinam Netaji Patro are part of team.

Here is the list of Matel's board of directors:

Name	Type	Representing	Status	Duration
Sunil Motilal Patel	Team	-	Current	2y 7m
Chinam Netaji Patro	Team	-	Current	2y 7m

View details of Matel's Founder profiles and Board Members

Matel's employee count trend

Matel has 202 employees as of Aug 25. The total employee count is 4.0% lower than what it was in Aug 24. Here is Matel's employee count trend over the years:

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Top competitors of Matel include Uno Minda, Faurecia and CIE Automotive. Here is the list of Top 10 competitors of Matel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Uno Minda 1958, Gurugram (India), Public	Manufacturer of automotive components and systems for original equipment manufacturers	$260M	Motilal Oswal Private Equity, Kotak Mahindra Bank ... & 7 others	73/100
2nd	Faurecia 1997, Nanterre (France), Public	Manufacturer of automotive components and systems	-	NUMA, PSA Group & 3 others	68/100
3rd	CIE Automotive 2002, Bilbao (Spain), Public	Manufacturer and supplier of major auto components to OEMs and tier 1 companies	$16.3M	Kedaara, Ainos Holdings & 19 others	68/100
4th	Dana 1904, Maumee (United States), Acquired	Supplier of electrified light-vehicle driveline technologies and components	-	Centerbridge Partners, Going Investment & 2 others	67/100
5th	Varroc 1990, Aurangabad (India), Public	Manufacturer of automotive components	$50.1M	Tata Opportunities Fund, Kotak Mahindra Bank ... & 3 others	67/100
6th	Motherson Group 1975, Noida (India), Late Stage	Manufactures electrical distribution systems for automobiles	-	Nepean Capital, India Capital Growth & 2 others	67/100
7th	Linamar 1966, Guelph (Canada), Public	Manufacturer and supplier of motor vehicle parts and agricultural vehicle parts	-	Region ile-de-France, Economy And Finance ... & 1 others	66/100
8th	Continental 1871, Hannover (Germany), Public	Manufacturer & supplier of tires, brake systems, chassis, safety, and power train components	-	Economy And Finance, TPG & 4 others	66/100
9th	Ranegroup 1929, Chennai (India), Public	Manufacturer of safety and critical automotive components for mobility applications	-	Blue River Capital	65/100
10th	Cummins 1919, Columbus (United States), Public	Manufacturer of gas-powered construction equipment, fuel systems, turbochargers, and braking systems	-	Centralia Coal Transition Grants, Oceanic Partners ... & 9 others	65/100
57th	Matel 2016, Pune (India), Series B	Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors	$17.6M	Steer Advisors, Gruhas & 5 others	55/100

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Founders (largest shareholder) own 57.02%, Funds own 27.40%, Angels own 6.03% and Other People own 2.72%. The net worth of Matel's founders is INR 285Cr as of Aug 04, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	57.02%	285Cr	7908966	6215678	4893623	1848856
Mahesh Toraskar	8153433	4249286	8927563	8731257	7441388	1260386
Sunil Motilal Patel	4106457	4227979	5738001	9059837	2465006	7524332
Chinam Netaji Patro	54	69	18	43	94	19
Fund	27.40%	137Cr	4870237	3170469	1942261	3575219
Transition VC	7977940	2361770	7272556	3836984	6283372	3188620
UC Impower	36840	96305	79130	99970	75093	75659
Gruhas	48313	28520	69126	19749	75523	20134
Catamaran	735	773	181	220	830	586
Angel	6.03%	30.2Cr	505621	432549	340333	178433
Other People	2.72%	13.6Cr	87	78	10	83
ESOP Pool	6.83%	34.2Cr	387859	571062	703388	374164
Total	100.00%	500Cr	1635240	7339695	8486263	2026084