ThinkMetal raises ₹27 Cr to commercialise manufacturing tech
ThinkMetal, an Indian manufacturing startup, has raised ₹27 crore ($2.8 million) in a round led by IAN Alpha Fund, the venture arm of India Angel Network. Deeptech-focused VC 3i Partners also participated, Inc42 reported.
The capital will fund commercialisation of the company’s proprietary metal-forming technology. No revenue or customer figures were disclosed.
ThinkMetal’s raise follows a string of large funding rounds for AI-driven manufacturing tools, including Harmoni’s $10 million round on 9 September and CADDi’s $114 million Series D on 19 September. Unlike those startups, ThinkMetal is hardware-first, with no mention of AI in its public materials.
The round is modest by recent standards, but it arrives as India’s contract manufacturing sector expands. Aequs secured ₹650 crore on 26 September to add capacity for aerospace and defence clients. ThinkMetal’s focus on metal forming could position it as a niche supplier to those same industries.
No valuation was announced. The next milestone to watch is commercial pilot orders.
“The round signals investor appetite for hardware-heavy manufacturing startups outside the AI and e-mobility bubbles.”
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