Matel Motion Boosts Growth with $13.6 Million Series B Investment

The Pune-based EV components maker will use its latest $13.6 million funding to scale production, develop new products, and hire engineering and manufacturing talent. Pune-based EV components manufacturer Matel Motion & Energy Solutions has secured ₹130 crore (approximately $13.6 million) in a Series B funding round led by early-growth venture capital firm UC Impower.