Khaitan & Co advised Matel Motion and Energy Solutions Pvt Ltd (Matel), on its Series B funding round of INR 130 crores, led by UC Impower, with Catamaran joining as a new investor and Transition VC continuing its support as an existing investor.
Matel is an Indian technology company which designs and manufactures energy-efficient motors, motor controllers and integrated powertrains for automotive and industrial applications, including electric vehicles, pumping and cooling systems
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Core Team
The core team consisted of Bhavik Narsana (Partner), Shweta Dwivedi (Consultant), Pragya Mishra (Associate) and Sakshi Mehta (Associate).