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Matel Motion and Energy Solutions, India, raises funding for expansion and product development

On August 5, Matel Motion and Energy Solutions Pvt Ltd. announced the closure of an INR 1.3 billion Series B funding round. It is led by UC Impower, an early-growth-stage fund investing in Climate Solutions and Financial Services. The round also saw Catamaran joining as a key new investor and continued participation ....

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