Amount Raised
$4 Million
Round Type
Seed
PuneManufacturingEnergyOil And GasRenewable EnergyAutomotiveInvestors
Description
Matel, a maker of EV components, has raised $4 million in a funding round led by clean energy-focused venture fund Transition Venture Capital. The round also saw participation from Nikhil Kamath-backed Gruhas and Haresh Abichandani, the founder of electronic components firm Millenium Semiconductor. This marks Matel's first institutional funding round.
Quick answer
Matel raised $4 Million in a Seed round, dated May 16, 2024. Investors: Millenium Semiconductor, Gruhas and Transition Venture Capital. Matel is based in Pune, Maharashtra, India.
- How much did Matel raise?
- Matel raised $4 Million in a Seed round on May 16, 2024.
- Who invested in Matel?
- Millenium Semiconductor, Gruhas and Transition Venture Capital are named as investors in this round.
- What does Matel do?
- Matel is a company that makes components, such as power trains and motor control units, for electric vehicles (EV), along with machines for irrigation and industrial usage.
- Where is Matel based and how big is it?
- Matel is based in Pune, Maharashtra, India. Fundz records about 118 employees.
- Who are the decision-makers at Matel?
- Fundz holds 1 contact at Matel. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Matel that raised within 45 days of this round, from Fundz verified event records.
- Aptera Motors raised $134K (Seed) on June 6, 2024.
- Libattion raised $15M (Private Equity) on June 27, 2024.
- Queens Carbon raised $15M (Seed) on June 26, 2024.
- VerdeGo Aero raised $1.5M on June 25, 2024.
- ClearSign Technologies Corp raised $4.3M on June 24, 2024.
- LD Carbon raised $28M (Series C) on June 18, 2024.
Who to call at Matel, and when
A new round usually means Matel is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Matel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Matel, from your own LinkedIn network
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Fundz sees it the moment Matel raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Matel raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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