Advanced materials and manufacturing startup ThinkMetal has raised Rs 27 crore funding led by IAN Alpha Fund, with participation from 3i Partners and existing investors. The fresh funding will be invested in the company's product development, research and development (R&D) functions, as well as growing market share with industrial customers.
Key Highlights
- Manufacturing Startup ThinkMetal raised Rs 27 crore in a funding round led by IAN Alpha Fund, with 3i Partners participating.
- The startup will use the funds for product development, R&D expansion and wider industrial adoption of its manufacturing technology.
Founded by Sabyasachi Ghosh and Arushi Sharma, ThinkMetal is developing indigenous technologies for precision metal manufacturing. Its platform integrates advanced materials, manufacturing processes and industrial systems to reduce production time and reliance on imported technologies.
The startup funding comes as it from technology development and enterprise pilot projects towards larger commercial deployments across industrial sectors.
Manufacturing Startup ThinkMetal to Expand Product Development and R&D
ThinkMetal will deploy the Rs 27 crore raised towards product development, expanding its R&D capabilities and increasing the adoption of its manufacturing solutions among industrial customers.
The company is focused on building domestic technologies for precision metal production, with an emphasis on improving manufacturing speed, cost efficiency and access to advanced industrial systems.
According to IAN Alpha Fund, ThinkMetal has filed more than 17 intellectual property applications, reflecting its efforts to develop proprietary manufacturing technologies.
ThinkMetal’s SistemT1 and FuseX Technology
ThinkMetal’s current commercial offering is SistemT1, a metal additive manufacturing system designed to produce precision metal components. The system uses the company’s proprietary FuseX metal filament technology.
Alongside its existing product, the startup is expanding its materials library and developing in-house capabilities to process additional materials. These efforts are aimed at broadening the range of applications its technology can support across industrial manufacturing.
The company claims its technology can manufacture high-value precision metal components up to 10 times faster and at half the cost of conventional methods.
Also Read: Startup Funding Report: 28 Firms Raise $113.35 Mn in the Latest Week
ThinkMetal Targets Aerospace, Defence and Electric Mobility
ThinkMetal serves manufacturers across aerospace, defence, space, automotive and electric mobility. Its technology is designed to help industrial customers produce precision metal parts while reducing dependence on imported manufacturing technologies.
The company has progressed from developing its technology to conducting enterprise pilot projects and is now working towards larger-scale commercial deployments.
With the latest Rs 27 crore funding round, ThinkMetal aims to advance its product portfolio, strengthen its technical capabilities and expand the use of its solutions across industrial applications.
