Manufacturing Startup ThinkMetal Raises ₹27 Cr To Initiate Commercialisation

What happened

Manufacturing startup ThinkMetal has raised ₹27 Cr (around $2.8 Mn) in a funding round led by India Angel Network’s VC fund IAN Alpha Fund. Other investors, including deeptech focused VC 3i Partners, among others, also participated in the round.

The Chennai-based metal additive manufacturing startup is also looking to fuel its hiring with the fresh capital. Founded in 2021 by Ghosh and Arushi Sharma (CTO), ThinkMetal is a Chennai-based metal additive manufacturing startup that builds industrial printing systems that can manufacture tools such as moulds, dies, jigs and fixtures.

Its SistemT1 machine operates with metal fused additive manufacturing to build components layer by layer from wound metal feedstock. The process is followed by debinding and sintering to achieve the required strength.

Key facts

• Its SistemT1 machine — uses: metal fused additive manufacturing to build components layer by layer from wound metal feedstock