Advanced materials and manufacturing startup ThinkMetal has raised Rs 27 crore in a funding round led by IAN Alpha Fund, with participation. Snippets
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Advanced materials and manufacturing startup ThinkMetal has raised Rs 27 crore in a funding round led by IAN Alpha Fund, with participation from 3i Partners and existing investors.
The proceeds will be used to develop its products, expand its research and development capabilities, and increase adoption among industrial customers.
Founded by Sabyasachi Ghosh and Arushi Sharma, ThinkMetal is developing indigenous technologies for precision metal manufacturing. Its platform combines advanced materials, manufacturing processes and industrial systems to reduce production time and dependence on imported technologies.
The company’s current commercial offering is SistemT1, a metal additive manufacturing system designed to produce precision metal components. The system uses ThinkMetal’s proprietary FuseX metal filament technology. The company is also expanding its materials library and developing in-house capabilities to process new materials.
ThinkMetal serves manufacturers across aerospace, defence, space, automotive and electric mobility. It has moved from technology development to enterprise pilots and is now working towards larger commercial deployments. According to IAN Alpha Fund, the company has filed more than 17 intellectual property applications.
The company claims its technology can manufacture high-value precision metal parts up to 10 times faster and at half the cost of conventional methods.