ThinkMetal, a DeepTech startup has raised $800,000 in a pre-Series A funding round led by YourNest Venture Capital as part of the YourNest-SanchiConnect Velocity Program 2024, an accelerator initiative supporting high-growth startups. Co-investors in this round include BSE-listed Concept Communications Ltd and Sanchi Connect.
The funds raised will be used to finalize production readiness and launch the first-generation product, SistemT1 while expanding the material line-up under the FuseX banner, which includes SS 316, 17-4PH, and Pure Copper, followed by Tool Steels and Ceramics.
ThinkMetal also plans to enhance its software capabilities, refine its processes, and expand its team in key areas such as sales, operations, design, and software development.
Previously, ThinkMetal raised $300,000 in a seed funding round led by 100X.VC, with participation from Concept Communications, SAT Industries, and investors such as KRS Jamwal and Uday Sodhi.
“We are thrilled to partner with investors who share our vision of revolutionizing manufacturing. By leveraging innovative materials & processes, we are not just changing the way manufacturers produce metal parts but redefining their potential to innovate. With this investment, we are taking significant steps towards empowering the SMEs to achieve faster turnarounds, greater operational efficiency, and a sustainable competitive edge,” said Sabyasachi Ghosh, Co-founder & CEO, ThinkMetal.
Arushi Sharma, Co-founder & CTO, ThinkMetal, added, “ThinkMetal aims to be the catalyst for India to manufacture its future. Our mission is to become the driving force behind India’s transformation into a global manufacturing powerhouse and an Aatmanirbhar Bharat.”
Girish Shivani, Executive Director & Fund Manager, YourNest Venture Capital, said, “Sabyasachi and Arushi have exceptional technical expertise and a strong vision for transforming manufacturing. As India moves towards being a product nation, we believe their innovative 3D printing technology in additive manufacturing can be a game changer and add great value for the entire ecosystem.”
Founded in March 2021 by Sabyasachi Ghosh and Arushi Sharma, ThinkMetal enables manufacturers to produce metal parts 10 times faster and at half the cost using SistemT1, its compact 3D printer powered by patented materials and processes.
ThinkMetal’s SistemT1 integrates processes such as 3D printing, debinding, and sintering into just two pieces of equipment, reducing manufacturing turnaround times and capital expenditures, making it the quickest in its segment.
ThinkMetal’s existing customers include Ants Ceramics, ZeQube Technologies, and Hosur CNC. The startup’s go-to-market strategy focuses on urban medium-scale and small-scale manufacturers, leveraging paid pilots, experience centers, and on-demand services to drive adoption.
