LegaLogic Advises Matel Motion And Energy Solutions

LegaLogic advised Matel Motion and Energy Solutions Private Limited with respect to US$ 4 investment made in it by Transition Venture Capital Fund. The round also saw participation from Nikhil Kamath-backed Gruhas and Haresh Abichandani, the founder of electronic components firm Millennium Semiconductor, engaged in the manufacturing of synchronous machines and motor controllers for e-mobility, industrial applications and agricultural pumping, it offers application in all kinds of EVs including 2-wheelers, 3-wheelers, 4-Wheelers, buses and off-road vehicles.  

LegaLogic was the sole legal counsel for Matel and advised on negotiation and finalisation of deal documentation and assisted in closure.  

Commenting on LegaLogic’s role, Mr. Mahesh Toraskar, Founder, said,“We had the pleasure of working with LegaLogic as our legal consultants during our recent fund-raising process. The team, led by Apurv Sardeshmukh and supported by Devashree Kulkarni, Kunal Dodeja and Raj Vardhan, provided exceptional service and guidance throughout the entire process. From the beginning, LegaLogic demonstrated incredible patience and a strong commitment to protecting our company's interests. There was a significant amount of back-and-forth communication involved, and the team handled everything with the utmost professionalism and diligence. Special thanks to Vivek Sadhale, the founder of LegaLogic, for creating such an outstanding team. Their expertise and dedication were instrumental in successfully closing our funding round. We highly recommend LegaLogic to any company in need of legal consulting services. Their attention to detail, thoroughness, and client-focused approach truly set them apart..” 

The deal team comprised  Partner: Apurv Sardeshmukh, Senior Legal Advisor: Kunal Dodeja, Legal Advisors: Devashree Kulkarni, Raj Vardhan.