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 as of February 28, 2025. 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 as on 28 Feb, 2025
- Founders Saran Babu, Kumar Prasad Telikepalli, Arun Pratap Singh
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Matter Energy
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Annual Revenue
$713.48 K (USD)1435as on Mar 31, 2024
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Net Profit
$-8.83 M (USD)-106as on Mar 31, 2024
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EBITDA
$-7.54 M (USD)-91as on Mar 31, 2024
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Total Equity Funding
$52.67 M (USD)
in 4 rounds
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Latest Funding Round
$35 M (USD), Series B
Jul 03, 2024
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Investors
LetsVenture
& 21 more
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Employee Count
496
as on Feb 28, 2025
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Products & Services of Matter Energy
Matter Energy offers a comprehensive portfolio of products and services, including Mobility, Stationary, and Customized Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 4
- Last Round Series B — $35.0M
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First Round
First Round
(24 Jan 2022)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - Matter Energy | Valuation | Helena | |
| Jan, 2023 | Amount | Series B - Matter Energy | Valuation | Gauri Khan Family Trust , Brew Opportunities Fund | |
| Jan, 2022 | Amount | Series B - Matter Energy | Valuation | Capital 2B |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on technology companies
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Founded Year | Domain | Location | |
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Venture capital funds are managed to support unlisted companies' growth.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Matter Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Matter Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Matter Energy Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of electric-vehicle charging solutions
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging solutions
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
EV chargers for automotive batteries are manufactured and distributed worldwide.
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| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Matter Energy
Frequently Asked Questions about Matter Energy
When was Matter Energy founded?
Matter Energy was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Matter Energy located?
Matter Energy is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Matter Energy a funded company?
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 B of $14.41M, raised on Jan 24, 2022.
How many employees does Matter Energy have?
As of Feb 28, 2025, the latest employee count at Matter Energy is 496.
What is the annual revenue of Matter Energy?
Annual revenue of Matter Energy is $713.48K as on Mar 31, 2024.
What does Matter Energy do?
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.
Who are the top competitors of Matter Energy?
What products or services does Matter Energy offer?
Matter Energy offers Mobility, Stationary, and Customized Products.
Who are Matter Energy's investors?
Matter Energy has 22 investors. Key investors include LetsVenture, Dholakia Ventures, India Accelerator, SucSEED Indovation, and DetoxGroup.
What is Matter Energy's valuation?
The valuation of Matter Energy is $204.19M as of Jul 2024.
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