Sabyasachi Ghosh, co-founder & CEO, Arushi Sharma, co-founder & CTO, ThinkMetal
Chennai: Material science and manufacturing technology startup ThinkMetal has raised Rs 27 crore in a funding round led by IAN Alpha Fund, with participation from 3i Partners and other investors. The company is developing indigenous precision manufacturing technologies for sectors such as aerospace, defence, space, automotive, and electric mobility. It plans to use the funds to support its next phase of growth, which includes product development, expanding its materials research and development capabilities, strengthening its team, and reaching more industrial customers.
The company estimates a global market opportunity of approximately $110 billion across advanced manufacturing and materials.
The product aims to enable faster and more flexible production of precision metal components and is built on proprietary metal filament technology, according to a company release. Sabyasachi Ghosh, co-founder and CEO of ThinkMetal, said: “This investment is an important step towards commercialisation. Founded by Sabyasachi Ghosh and Arushi Sharma , ThinkMetal is currently focused on industrial metal additive manufacturing through a product called SistemT1. Following its initial technology development and enterprise pilots, the company is now focused on taking these solutions into larger commercial deployments. The company is also expanding its materials library and building in-house capabilities to process and develop new materials. ThinkMetal is building an integrated technology stack by combining advanced materials, manufacturing processes, industrial systems, and application development. We will use this capital to strengthen our product development, expand our team and materials capabilities and accelerate adoption across industrial applications. Our long-term focus remains on building deep indigenous capabilities in materials and manufacturing technologies from India for global markets. ” You Can Also Check: Gold Rate in Chennai | Silver Rate in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Chennai AQI | Weather in Chennai | Petrol Price in Chennai | Diesel Price in Chennai | CNG Price in Chennai | LPG Price in Chennai