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.
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.
People of Matter Energy
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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 |
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 |
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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 |
Investments & Acquisitions by Matter Energy
Financial Statements - Matter Energy
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.
| 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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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 B of $14.41M, raised on Jan 24, 2022.
As of Feb 28, 2025, the latest employee count at Matter Energy is 496.
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.