UC Impower has acquired Matel Motion and Energy Solutions Private (IN), an Indian technology company focused on designing and manufacturing energy-efficient motors, motor controllers, and integrated powertrains for automotive and industrial applications. The acquisition closed on August 7, 2026.
| Acquirer | UC Impower |
|---|---|
| Target | Matel Motion and Energy Solutions Private (IN) |
| Deal value | $16m |
| Type of deal | Buyout |
| Date closed | August 7, 2026 |
| Sell-side financial advisors | <Not disclosed> |
| Buy-side financial advisor | Klecha & Co. |
| Sell-side legal advisors | <Not disclosed> |
| Buy-side legal advisor | Khaitan |
The acquisition was facilitated by Khaitan & Co. advising Matel Motion and Energy Solutions Pvt Ltd on its Series B funding round of INR 130 crores, led by UC Impower.
Rationale for the Acquisition
UC Impower is raising Series B funding to support growth and development initiatives at Matel Motion and Energy Solutions Private (IN). This strategic investment will help the company expand its market presence in automotive and industrial sectors.
Financial Context
The deal involves a financial commitment of $16 million, which will be used to fund research and development efforts aimed at enhancing energy efficiency in motors and controllers for various applications including electric vehicles and cooling systems. This capital injection is expected to facilitate technological advancements and scale up production capacities.
Advisors
The transaction was handled by Klecha & Co. as the buy-side financial advisor, while legal counsel for UC Impower came from Khaitan.
Outlook
This investment is anticipated to fuel innovation and drive growth within Matel Motion and Energy Solutions Private (IN). The company aims to leverage this funding to strengthen its product offerings and penetrate new markets. With the backing of UC Impower, Matel is poised for substantial expansion in both domestic and international arenas.