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 · Aug 2026

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 $15M in Aug 2026.

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

Quick answers

Who is Sunil Patel?

Sunil Patel is a Co-founder & CEO of Matel, an ev powertrains & industrial motors company based in Pune, founded in 2017.

Who founded Matel?

Matel's founders and leadership on record at StartupFox are Sunil Patel and Netaji C Patro.

How much funding has Matel raised?

Matel has raised $19M across 2 disclosed rounds on record. The latest was a funding round of $15M in Aug 2026, with UC Impower, Catamaran, Transition VC.

Where is Matel based?

Matel is headquartered in Pune, India.

What has StartupFox reported about Sunil Patel?

StartupFox has published 1 story naming Sunil Patel; the most recent is “Matel Raises ₹130 Crore in Series B Led by UC Impower to Expand Motor Manufacturing Capacity”.

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Sources & updates

This profile is compiled by the StartupFox desk from company announcements, regulatory filings and our own reporting. If this is you, you can verify it with LinkedIn and edit it.

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