Report
ThinkMetal raises ₹27 crore to accelerate commercialization
Inc42 reports IAN Alpha Fund led the round, with 3i Partners participating; the funding will support R&D and hiring.
TLDR
Inc42 reports that Chennai-based ThinkMetal raised ₹27 crore in a round led by IAN Alpha Fund, with 3i Partners among the investors. The startup builds metal 3D-printing systems for industrial tools used in automotive, aerospace and defence. It plans to use the funding for product development, R&D, hiring and expanding its materials portfolio. ThinkMetal claims its technology can produce metal parts up to 10 times faster and at half the cost of conventional manufacturing.
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