About Matter Energy
Matter Energy is a company based in Ahmedabad (India) founded in 2019 by Saran Babu, Kumar Prasad Telikepalli, and Arun Pratap Singh. Matter Energy has raised $52.67 million across 4 funding rounds from investors including LetsVenture, Dholakia Ventures and India Accelerator. The company has 496 employees. Matter Energy offers products and services including Mobility, Stationary, and Customized Products. Matter Energy operates in a competitive market with competitors including Wallbox, POD Point, Span.IO, CTEK and Lohum, among others.
- Headquarter Ahmedabad, India
- Employees 496
- Founders Saran Babu, Kumar Prasad Telikepalli, Arun Pratap Singh
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website matterenergy.in
- Social LinkedIn X Facebook Instagram
- Legal Name Matter Energy
- Annual Revenue$713.48 K (USD)1435as on Mar 31, 2024
- Net Profit-$8.83 M (USD)-106as on Mar 31, 2024
- EBITDA-$7.54 M (USD)-91as on Mar 31, 2024
- Total Equity Funding$52.67M (USD)
in 4 rounds
- Latest Funding Round$35M (USD), Series B
Jul 2024
- InvestorsLetsVenture
& 21 more
- Employee Count496
Associated legal entities of Matter Energy
Matter Energy is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Matter Energy Private Limited CIN U31905GJ2020PTC118233 | Active | 13 Nov 2020 | Ahmedabad, Gujarat | ₹11.5 Cr | 61 | 2 | View details |
| Matter Motor Works Private Limited CIN U34300GJ2019PTC105854 | Active | 03 Jan 2019 | Ahmedabad, Gujarat | ₹6.0 Cr | 427 | 5 | View details |
Products & Services of Matter Energy
Matter Energy offers a comprehensive portfolio of products and services, including Mobility, Stationary, and Customized Products.
Battery packs for dynamic mobile applications ensuring superior performance.
Storage systems for various stationary energy management needs.
Tailored solutions for power distribution and charger control requirements.
Funding Insights of Matter Energy
Matter Energy has successfully raised a total of $52.67M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $52.67M
- Total Rounds 4
- Last Round Series B — $35M
- First Round $1.48M
(Jan 2022)
- Investors Count 22
All 4 funding rounds of Matter Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $35M | Series B | $204.19M | Helena | |
| Jan 2023 | $1.78M | Series B | $86.52M | Gauri Khan Family Trust, Brew Opportunities Fund | |
| Jan 2022 | $14.41M | Series B | $••••• | Capital 2B | |
| Jan 2022 | $1.48M | Series A | $••••• | Baring Private Equity Partners | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $204.19M | •••••••• |
| Jan 2023 | $86.52M | •••••••• |
| Jan 2022 | $••••• | •••••••• |
| Jan 2022 | $••••• | •••••••• |
Full valuation and stage history of Matter Energy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $204.19M (Jul 2024). 22 investors in total: 19 institutional and 3 angel.
Investors in Matter Energy
Matter Energy has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include LetsVenture, Dholakia Ventures and India Accelerator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on technology companies | – | capital2b.com | - | |
Venture capital funds are managed to support unlisted companies' growth. | – | sbinvestment.co.jp | Minato City, Japan | |
- | – | japanairlinesandtranslinkinnovationfund.tcc.mode | - | |
Seed and early-stage investments are made across sectors in India. | – | blume.vc | Mumbai, India | |
Venture capital investments are directed toward energy tech startups. | – | nibdotconsulting.tcc.mode | Andheri, India | |
Early-stage investments are targeted by the venture capital firm. | – | gaurikhanfamilytrust.tcc.mode | Mumbai, India | |
Multiple sectors are invested in by the private equity fund. | – | brewopportunitiesfund.tcc.mode | - | |
Climate tech companies are funded via specialized angel networks. | – | climateangels.in | Gurugram, India | |
Investment in early to growth-stage tech startups across various sectors. | 2016 | sucseed-indovation.com | Hyderabad, India | |
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India |
Investor details for Matter Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Matter Energy
The boards of the 2 registered companies of Matter Energy currently have 5 directors; the longest-serving is Mohal Rajivbhai Lalbhai, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohal Rajivbhai Lalbhai DIN 06906903 | Director | 13 Nov 2020 | 5 yrs 10 mo | Matter Energy Private Limited, Matter Motor Works Private Limited |
| Arun Pratap Singh DIN 03586207 | Director | 13 Nov 2020 | 5 yrs 10 mo | Matter Energy Private Limited, Matter Motor Works Private Limited |
| Arvind Sahay DIN 03218334 | Director | 15 Apr 2021 | 5 yrs 5 mo | Matter Motor Works Private Limited |
| Amit Dilip Shah DIN 00994870 | Director | 30 Jan 2024 | 2 yrs 8 mo | Matter Motor Works Private Limited |
| Suprotik Basu DIN 10691010 | Director | 11 Jul 2024 | 2 yrs 2 mo | Matter Motor Works Private Limited |
People of Matter Energy
5 people are tracked at Matter Energy (5 in leadership); the tracked headcount is 496.
| Name | Role | Group |
|---|---|---|
Saran Babu | Co-Founder | Leadership |
Kumar Prasad Telikepalli | Co-Founder | Leadership |
| Co-Founder & COO | Leadership | |
| Chief Executive Officer | Leadership | |
Manoj Kandpal | Senior Vice President, Operations & Program Management | Leadership |
Complete people profiles for Matter Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Matter Energy
Figures of Matter Energy Private Limited, the primary company behind Matter Energy, for FY 2025. Revenue was ₹11.47 Cr (+73% year on year). Net loss was -₹14.34 Cr (-125% margin). EBITDA was -₹12.59 Cr (-110% margin). Revenue has grown at a compounded annual rate of +588% over three years.
- ₹11.47 CrRevenue · FY 2025 · +73% YoY
- -₹14.34 CrNet loss · -125% margin
- -₹12.59 CrEBITDA · -110% margin
- ₹1.09 CrPaid-up capital
- 61Employees (provident fund records)
- +588%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Matter Energy Private Limited are on its company page.
Detailed financial statements for Matter Energy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Matter Energy
4 dated milestones of Matter Energy across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Matter Energy is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $35.0M.
Competitors of Matter Energy
Matter Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wallbox, POD Point, Span.IO, CTEK and Lohum, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wallbox.com | 2015 | Barcelona, Spain | $70.19M | 1 | Provider of electric-vehicle charging solutions | |
| pod-point.com | 2009 | London, United Kingdom | $58.39M | 494 | Provider of electric vehicle charging solutions | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| ctek.com | 1997 | Vikmanshyttan, Sweden | $123.05M | – | EV chargers for automotive batteries are manufactured and distributed worldwide. | |
| lohum.com | 2018 | Noida, India | $115.92M | 286 | Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining | |
| microvast.com | 2006 | Stafford, United States | $430M | 2,006 | Lithium-ion batteries for multi-category electric vehicles are developed. | |
| catl.com | 2011 | Ningde, China | – | – | Comprehensive solutions for electric vehicles and energy storage are provided. | |
| forseepower.com | 2011 | Paris, France | $143.39M | 284 | Lithium battery systems for electric vehicles and gadgets are manufactured. |
Detailed competitors of Matter Energy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Latest news on Matter Energy
Complete news archive for Matter Energy
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Matter Energy
10 companies that operate in the same segment as Matter Energy (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Matter Energy
Matter Energy was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Matter Energy is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Matter Energy is a funded company, having raised a total of $52.67M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.48M, raised on Jan 2022.
Matter Energy has 496 employees.
Annual revenue of Matter Energy is $713.48K as on Mar 31, 2024.
Matter Energy was founded in 2019 and is based in Ahmedabad, India. Operations focus on the energy storage sector, where solutions for stationary applications, energy management, and battery packs are developed. Mobility batteries, stationary batteries, and lithium-ion batteries are included in the offerings, alongside customized products tailored to specific needs in the Indian market.
Matter Energy offers Mobility, Stationary, and Customized Products.
Matter Energy has 22 investors. Key investors include LetsVenture, Dholakia Ventures, India Accelerator, SucSEED Indovation, and DetoxGroup.
The valuation of Matter Energy is $204.19M as of Jul 2024.
Matter Energy is associated with 2 legal entities: Matter Energy Private Limited, Matter Motor Works Private Limited.
The legal entities of Matter Energy currently have 5 directors, including Mohal Rajivbhai Lalbhai, Arun Pratap Singh, Arvind Sahay and others.