Founder · Matel

Sunil Patel

Co-founder & CEO of Matel, an ev powertrains & industrial motors company based in Pune.

Co-founder · CEOPuneEV Powertrains & Industrial Motors
Founded
2017
Pune, India
Raised to date
$19M
2 rounds on record
Latest round
Funding
$15M · 2026-08-03

About

Sunil Patel is Co-founder & CEO of Matel, an ev powertrains & industrial motors company based in Pune, founded in 2017. Matel's most recent disclosed round was a funding round of $4M in 2024-05-16.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2017
Matel
EV Powertrains & Industrial Motors · Pune · Active

Matel designs and manufactures electric motors, motor controllers and integrated powertrains for electric vehicles and industrial applications, spanning two-wheelers to buses and off-road vehicles alongside pumping, HVAC and industrial systems. It began mass production of powertrains in April 2024 and has developed magnet-free motor technology and IE5 industrial motors.

Funding
2026-08-03Funding round$15MUC Impower, Catamaran, Transition VC
2024-05-16Funding round$4MTransition VC, Gruhas, Haresh Abichandani
Company profile →2 rounds on record

Journey with Matel

2 milestones
  1. 2017Founded

    Founded in Pune to design and manufacture synchronous machines and motor controllers for e-mobility, industrial applications, agricultural pumping and HVAC.

  2. Apr 2024Milestone

    Begins mass production of EV powertrains after validation and certification by multiple electric vehicle manufacturers.

Also building Matel

NCNetaji C PatroCo-founder · CBO→

Coverage

1 story
Funding · 3 Aug 2026 · 5 min read
Matel Raises ₹130 Crore in Series B Led by UC Impower to Expand Motor Manufacturing Capacity