EV powertrain maker Matel raises Rs 130 crore in UC Impower-led round - The Economic Times

Founded in 2017 by Sunil Patel, the former head of Bajaj Auto's Chetak EV development programme, and Netaji Patro, a former R&D leader at Maruti Suzuki and Bajaj Auto, Matel develops energy-efficient motors, motor controllers, and integrated powertrains for electric vehicles and industrial applications.

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