When was Matel founded?

Matel was founded in 2017 and raised its 1st funding round 7 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 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, the latest employee count at Matel is 202.

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 Mar 12, 2025.

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.

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 195th amongst 7657 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 $4M in May, 2024.

Who are the top competitors of Matel?

Matel's top competitors include Uno Minda, Cooper Standard and Motherson Group. Among them, Matel secured the most recent funding round in August, 2026.

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

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

2017

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 Mar 12, 2025

Investors

Transition VC & 5 more

Ranked

195^th among 7657 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

202 as on Aug 31, 2025

Similar Companies

TSUYO & 92 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	Documents
MATEL MOTION AND ENERGY SOLUTIONS PRIVATE LIMITED CIN: U74999PN2017PTC171647 , India, Active	Jul 26, 2017	₹50 - ₹100 Cr (As on Mar 31, 2025)	107 (As on Feb 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 3 institutional investors and 3 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	4505976	Series B	9647302	9744348	4875171	5585729
May 10, 2024	2705706	Series A	2271720	2331085	Transition VC	Gruhas & 1 more

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View details of Matel's funding rounds and investors

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

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

Sunil Patel: Co-Founder & CEO of Matel. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Netaji C 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 Patel and Netaji C Patro are part of team.

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

Name	Type	Representing	Status	Duration
Sunil Patel	Team	-	Current	2y 5m
Netaji C Patro	Team	-	Current	2y 5m

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, Cooper Standard and Motherson Group. 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	Cooper Standard 1960, Novi (United States), Acquired	Global supplier of sealing, fluid handling systems, and material science solutions	$51.1M	-	69/100
3rd	Motherson Group 1975, Noida (India), Public	Manufactures electrical distribution systems for automobiles	-	Nepean Capital, India Capital Growth & 2 others	69/100
4th	Delphi Technologies 1994, Auburn Hills (United States), Acquired	Manufacturer and supplier of automotive parts to OEMs	-	Goldman Sachs, Appaloosa Management & 5 others	68/100
5th	Faurecia 1997, Nanterre (France), Public	Manufacturer of automotive components and systems	-	NUMA, PSA Group & 3 others	68/100
6th	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
7th	Dana 1904, Maumee (United States), Acquired	Supplier of electrified light-vehicle driveline technologies and components	-	Centerbridge Partners, Going Investment & 2 others	67/100
8th	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
9th	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
10th	Schaeffler 1946, Herzogenaurach (Germany), Public	Manufacturer of bearings for the automotive industry	-	Europa, Gov.cz	66/100
195th	Matel 2017, Pune (India), Series B	Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors	$17.6M	Steer Advisors, Transition VC & 4 others	43/100

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Founders (largest shareholder) own 70.08%, Funds own 15.24%, Angels own 7.43% and Other People own 3.35%. The net worth of Matel's founders is INR 89.7Cr as of Mar 12, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	70.08%	89.7Cr	4437457	9000948	5036074	8725324
Mahesh Toraskar	5359599	5091341	4065066	8448961	6523839	4795488
Sunil Patel	7783664	2705086	9387447	6998033	4623726	2512787
Netaji C Patro	11	28	52	93	51	98
Fund	15.24%	19.5Cr	6674770	7464370	1880703	3389136
Transition VC	4423410	2836390	1326292	9501327	9054177	6693454
Gruhas	228620	235264	814087	305354	773342	704388
Angel	7.43%	9.52Cr	8772013	6669585	1907550	5840251
Other People	3.35%	4.28Cr	909	327	334	158
ESOP Pool	3.90%	5Cr	557	262	644	235
Total	100.00%	128Cr	6961699	6119428	5598283	3551244